Home > Real Estate > Monthly Market Report – November 2019

At the end of November, the months of inventory numbered 3.8, which is the slightest bit up from the 3.7 months recorded at the end of November 2018 and is well below the long-run average of 11.2 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Overall supply remains near record lows, with the total number of Active residential listings at just 786 units at the end of November which is an increase of 12% from the end of November 2018 but well below almost every other year on record.

 

 


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