months of supply: Westport, CT Market Report - A buyer's market....or not! - 01/16/12 10:41 AM
One method for assessing the activity of the housing market is by calculating the absorption rate. The rate is determined by dividing the current number of active listings by the average number of homes selling each month. The resulting figure shows the number of months it would take to sell the existing inventory of active listings. A normal or balanced market would have a five to six month supply of homes. A seller's market, reflecting a limited number of homes for sale, would have a one to four month supply. A supply time of seven months or more would indicate a buyer's market. 
Supply Time           Market Description1 … (4 comments)

Marilyn Katz, ABR, e-PRO - (Berkshire Hathaway HomeServices New England Properties) Rainmaker large

Marilyn Katz

ABR, e-PRO -

Westport, CT

More about me…

Berkshire Hathaway HomeServices New England Properties

Address: Westport, CT, 06880

Office: (203) 429-1041

Mobile: (203) 451-1977

Email Me

Author Bio: Marilyn Katz writes about real estate and Westport, CT. In her blog she highlights community amenities, events and activities and offers insight into the local real estate market. In her real estate practice she works with buyers, sellers and renters in Westport, CT and the surrounding communities. View all AR Posts By Marilyn Katz Website Google+
Click to Join The
Share on Facebook




RSS 2.0 Feed for this blog