You will need more than just the charts to understand specific market data but they are a great start. We can customize these for specific properties to be able to show you updated information on the fly. If you are looking for specific information, please contact us.
Months of Supply = (Active Listings at end-of-period / Average monthly sales over last 12 months)
Months of Supply (also known as "Months Supply of Inventory") tells you how many months it would take for all the current homes for sale on the market to sell, given the sales rate for that market. RBI's calculation takes into account the seasonal fluctuations of selling activity by applying the average sales rate of the prior 12 months. 4 to 6 Months is generally considered a balanced market; less than 4 months a sellers' market as there are more buyers than homes available; more than 6 months can be considered a buyers' market as there are more homes for sale than buyers to purchase them.