Inventory
Months Supply of Inventory
Monthly Market Detail - June 2024 Single-Family Homes 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 ) |
4,105 |
37.7 % |
June 2024 |
4,379 |
55.0 % |
May 2024 |
4,359 |
59.8 % |
April 2024 |
4,146 |
52.6 % |
March 2024 |
4,007 |
34.1 % |
February 2024 |
3,901 |
22.8 % |
January 2024 |
3,838 |
11.1 % |
December 2023 |
3,543 |
-1.1% |
November 2023 |
3,627 |
-5.1% |
October 2023 |
3,478 |
-8.5% |
September 2023 |
3,107 |
-12.0% |
August 2023 |
2,893 |
-16.3% |
July 2023 |
2,869 |
-13.4% |
June 2023 |
2,826 |
1.0 % |
6,000 5,000 4,000 3,000 2,000 1,000
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
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 ) |
4.0 |
48.1 % |
June 2024 |
4.3 |
59.3 % |
May 2024 |
4.3 |
65.4 % |
April 2024 |
4.0 |
60.0 % |
March 2024 |
3.9 |
44.4 % |
February 2024 |
3.8 |
35.7 % |
January 2024 |
3.7 |
23.3 % |
December 2023 |
3.4 |
13.3 % |
November 2023 |
3.5 |
16.7 % |
October 2023 |
3.4 |
17.2 % |
September 2023 |
3.0 |
11.1 % |
August 2023 |
2.8 |
12.0 % |
July 2023 |
2.8 |
16.7 % |
June 2023 |
2.7 |
42.1 % |
5.0 4.0 3.0 2.0 1.0 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 .