In the past 6 months, 2 new properties/month came on the market. They are being sold at a rate of 1.5 each month. With a total inventory of 4 units for sale, this gives us a monthly supply of 2.7 months. Inventory of 6 months, is considered a "balanced market". If there is less than 6 months of supply, it is considered a "seller's market." Therefore, each month a seller has an 37.5% chance of selling. Seller's Market! |