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Months of supply

This is partial data. Full historical data is available with an access code.

How is Months of Supply calculated?

Months of Supply estimates how many months it would take to sell the homes currently on the market based on the recent sales pace.

Current Active Listings ÷ 3-Month Average Monthly Sales = Months of Supply

The sales pace is calculated using the total number of sales from the three most recent completed months and dividing that total by three. For each month, the previous month's rolling average is used to ensure that incomplete current-month sales do not affect the calculation.

For example, July uses the 3-month average sales rate calculated at the end of June.

Lower supply Fewer homes are available relative to the recent sales pace, generally indicating a more competitive market.
Higher supply More homes are available relative to the recent sales pace, generally giving buyers more options.

Data source:: Internal listing and sales data.

Info: Supply is calculated once during the first week of each month.