From my TeamIrene blog:
Here are the October 2009 housing inventory supply numbers going back five years for selected Seattle areas.* Months of Inventory (MOI) refers to the number of months it would take the current housing supply to be completely sold if no new listings were added.
The geographical area is marked at the top left of each chart. You can also click here to view stats for all Seattle and Eastside areas (opens as a pdf.)
*All reports published October 2009 based on data available at the end of September 2009. This representation is based in whole or in part on data supplied by the NWMLS. Neither the Board nor the MLS guarantees or is in any way responsible for its accuracy. Data supplied by the Board or the MLS may not reflect all real estate activity in the market. Report reflects all activity by brokers participating in the MLS.