What Does It Mean?
“Months of Inventory” is an estimate for the amount of time it would take to sell all the houses currently available on the market, based on average days-on-market. If we look at historic data in April of 2009 for King County, our area had eight months of inventory. Last month, our area only had one month of inventory.
That’s a -84.6% change in ten years! What does it mean for you? Let’s talk!
