- The numbers represent the number of months it would take for all of the existing inventory to sell, assuming that the rate at which buyers are purchasing remains the same and no new inventory is added.
- The existing inventory is just a snapshot in time. Inventory changes daily and usually increases in the spring and summer. But there are also more buyers during this time as well.
- Unfortunately not every home is saleable in its current condition - some properties are just too flawed to attract a buyer without deep, deep discounting.
If you would like a similar analysis of inventory in your neighborhood don't hesitate to contact me!