Most of this is irrelevant because it is too general to apply to individual markets. For example, the last stats I saw from a TV flyer was new houses average 10 days on the market, resales <60 days, BUT THAT'S JUST HERE IN TV! Up north where I have another home (rural setting), the shortage is such that my house is now worth 3x what I paid for it 10 years ago and 5x what it cost to build 20 years ago. In my neighborhood up north, builder grade homes with minimal changes/upgrade sell for more than my new designer home here in TV. My neighbor up north in a rural area development sold their 20-year-old builder grade finishes home for $265/sq ft., which is more than my new home in TV. New homes in the same area up north are well over $300/sq ft. and are all sold about as fast as they hit the market. Bottomline, IMO, the only generalizations worth anything are local markets.
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