Quote:
Originally Posted by pstratt
In regards to the number of single family homes on the MLS, at what number would you consider it to be a "Goldilocks" scenario? That is, how many homes SHOULD there be for sale in an absolute average market? 35, 000? 40K? Wouldn't it seem reasonable that with the anticipated growth in the future it would be wise to have a good size supply of houses, rather than a shortage?
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I look at the number of months supply. (Divide the inventory by the number of sales in a month.)
6 months supply is a a balanced market.
4 months is a sellers market
8-9 months is a buyers market
Bill
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