December 2023 Market Indicator Report December 2023 | Page 12

Months Supply of Inventory

The inventory of homes for sale at the end of a given month , divided by the average monthly pending sales from the last 12 months .
December
2.9
2.2
0.8
2021
2022
2023
- 52.9 %
+ 175.0 %
+ 31.8 %
Historical Months Supply of Inventory by Month
Months Supply January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 12-Month Avg *
* Months Supply for all propert is not the average of the indivi
30.0
25.0
20.0
15.0
10.0
5.0
0.0
01-2009
01-2010
01-2011
01-2012
01-2013
01-2014
01-2015
01-2016
01-2017
01-2018
01-2019
01-2020
01-202
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