We just wanted to take a few seconds and not only explain why we purchase
homes at the values that we do, but also explain how we come to our numbers.
Months of inventory is based on the current number of homes available divided
by number of homes sold in the last 12 months, then multiplied by 12.
San Antonio’s Numbers are Below
Total # Available 10,700 * 12 = 7.23 Months of Inventory
Total # Sold 17,750
6-7 months of inventory is a normal market.
<5 months is a seller's market.
>9 months is a buyer’s market.
As you can see we are slightly above a normal market, still in a buyer’s market.
Here are the Numbers, Broken Down by Value
Price Range: $0.00-$100,000
Total # Available 2152 * 12 = 6 months of inventory
Total # Sold 4284
Price Range: $101,000 – $200,000
Total # Available 4328 * 12 = 6.3 months of inventory
Total # Sold 8168
Price Range: $200,000 – Above
Total # Available 4222 *12 = 9.59 Months of inventory
Total # Sold 5278
So as you can see, we are typically purchasing homes under $200,000 for
rentals or flips. At this price range, tenants/homeowners are able to qualify
to rent or buy, and our homes move off the market faster.
