DO YOU KNOW?
How much inventory is on the market and how to calculate the months on the market!
Through calculation with the absorption rate you determine just how much in months of inventory.
There is over $2 billion worth of inventory for the Southshore.
Over $335 million on the Westbank with 7898 and 1560 units respectfully (active properties).
We also determined that there were 641 properties sold in areas 1-85, and 141 40-55, (Westbank), specifically in the last 30 days. Divide 7898/641, and 1560/141, which equals 12.32 and 11.06.
This tells us that there is over 12 months of inventory on the Southshore, and 11 months on the Westbank.
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