For the last 30 days, we have had 16.50 months of inventory (MOI). There are 9 homes under contract. When those homes are sold that will help bring the MOI down. It is definitely a buyers market in the Timbers. Sold homes had a median time on market of 19 days and active homes have 63 days on market. It is also important to note that our median sales price went down from $1,264,000 to $1,086,500.
Posted on April 3, 2019 - 08:11 PM
by Nancy Sammons
To me, this is one of the most important Market Metrics. The funny thing about this is a lot of agents don't know what it is or how to calculate it. Months of inventory tells you if you are in a buyer's market, a seller's market or a neutral m...