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Home > Real Estate > Monthly Market Report – October 2019

At the end of October, the months of inventory numbered 3.1, which is up from the 2.9 months recorded at the end of October 2018 and is well below the long-run average of 9.4 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 890 units at the end of October which is up 8.4% from the end of October 2018 but below the same time in every other year on record.

 

 


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