Inventory
Months Supply of Inventory
Monthly Market Detail - June 2024 Townhouses and Condos Broward County
Inventory ( Active Listings )
The number of property listings active at the end of the month
Economists ' note : There are a number of ways to define and calculate Inventory . Our method is to simply count the number of active listings on the last day of the month , and hold this number to compare with the same month the following year . Inventory rises when New Listings are outpacing the number of listings that go off-market ( regardless of whether they actually sell ). Likewise , it falls when New Listings aren ' t keeping up with the rate at which homes are going off-market .
Month |
Inventory |
Percent Change
Year-over-Year
|
YTD ( Monthly Avg ) |
8,442 |
91.4 % |
June 2024 |
8,938 |
108.3 % |
May 2024 |
8,860 |
101.4 % |
April 2024 |
8,712 |
100.0 % |
March 2024 |
8,477 |
93.7 % |
February 2024 |
8,170 |
79.7 % |
January 2024 |
7,494 |
66.9 % |
December 2023 |
6,326 |
51.0 % |
November 2023 |
6,152 |
49.6 % |
October 2023 |
5,601 |
45.3 % |
September 2023 |
5,015 |
38.4 % |
August 2023 |
4,635 |
29.6 % |
July 2023 |
4,442 |
30.1 % |
June 2023 |
4,291 |
41.0 % |
10,000
2020 2021 2022 2023
8,000 6,000 4,000 2,000
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
Months Supply of Inventory
An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
Economists ' note : MSI is a useful indicator of market conditions . The benchmark for a balanced market ( favoring neither buyer nor seller ) is 5.5 months of inventory . Anything higher is traditionally a buyers ' market , and anything lower is a sellers ' market . There is no single accepted way of calculating MSI . A common method is to divide current Inventory by the most recent month ' s Closed Sales count , but this count is a usually poor predictor of future Closed Sales due to seasonal cycles . To eliminate seasonal effects , we use the 12-month average of monthly Closed Sales instead .
Month |
Months Supply |
Percent Change
Year-over-Year
|
YTD ( Monthly Avg ) |
7.2 |
118.2 % |
June 2024 |
7.9 |
132.4 % |
May 2024 |
7.6 |
123.5 % |
April 2024 |
7.4 |
124.2 % |
March 2024 |
7.2 |
125.0 % |
February 2024 |
6.8 |
112.5 % |
January 2024 |
6.2 |
100.0 % |
December 2023 |
5.3 |
89.3 % |
November 2023 |
5.1 |
96.2 % |
October 2023 |
4.6 |
91.7 % |
September 2023 |
4.1 |
86.4 % |
August 2023 |
3.8 |
81.0 % |
July 2023 |
3.5 |
75.0 % |
June 2023 |
3.4 |
100.0 % |
10.0 8.0 6.0 4.0 2.0 0.0
2020 2021 2022 2023
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services . Statistics for each month compiled from MLS feeds on the 15th day of the following month . Data released on Tuesday , July 23 , 2024 . Next data release is Thursday , August 22 , 2024 .