Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale.
Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
These are the statisticts for The Charlotte Region at the moment! So if you are looking to buy in the price range of <$300k, now you know that the competition is fierce and you'll need to be prepared to get the house you want, or if you're considering selling let's get started!
Author:Marie Schyberg Phone: 704-763-1426 Dated: May 24th 2018 Views: 93 About Marie: Realtor® in NC & SC, with international relocation experience and expertise.
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