Tuesday, May 3, 2022 / by Enrique Castillon
Whether you have been house hunting lately or just browsing Zillow fantasizing with those big beautiful homes that most people can't afford, you have seen how fast houses are selling. This has been a popular topic recently and if you have been following me on social media, you've heard me talk about this deep seller's market we are in. The combination of limited inventory and historically low rates has created rapid home appreciation and a very competitive environment for buyers. There are a number of different ways real estate professionals measure the strength of the market and one of those ways is through months supply of inventory.
One of the ways real estate professionals know if we are in a buyer's market or seller's market is through technical measurements like months supply of inventory. If you aren't involved in the real estate world, you have probably never heard of this term before, but that all changes today! Months supply of inventory (also commonly referred to a ...