The properties on the market in any given month where a buyer could have written a first position offer to purchase it at any time during that month. Different from Months Supply of Inventory below. The number has increased 3%.
The number of properties going into contract on any given month shows the sales activity. This has increased 108%.
These figures show how long it would take to sell the present inventory based on the present monthly sale rate. The number of properties on sale on the last day of the month is the remaining inventory. This figure is divided by current sales rate for the month as determined by the number of properties going under contract. This shows buyer actitivity. Some calculations take into account the number of closed sales in a month. The figure has decreased 56.2%
This chart reflects the number of new listings coming on the market during the month in question. This figure is down 2%
This indicates the sales velocity for any given month, i.e. how long they will remain on the market until they sell. Properties that went under contact are counted. All the various days on the market are counted and then divided by the number of properties involved to arrive at the average figure. The number of days has increaed 62%. This could be due to overpricing or the difficulty in obtain a mortgage.
