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housing market: Housing Market Demand Increases - 12/10/09 09:18 AM

Supply and demand drives our economy and determines prices for goods and services. This is especially true in the housing market. Often, you will hear the housing market categorized as a buyers' market (more houses for sale than demand) or a sellers' market (more buyers than houses for sale). This categorization or type of housing market is determined by looking at the months' supply. Months supply is the ratio of inventory available for sale at the seasonal sales pace in a given month. This figure is calculated by dividing the number of homes for sale by the number of homes … (0 comments)

 
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