[quote=4plexowner]if I remember correctly, 8 months is the dividing line between a healthy and un-healthy market according to Rich
I read an article recently saying that in a market with more than 12 months supply prices can be expected to decline about 3% per year (can you say, “downtown condo?”)[/quote]
So if 8 months is the dividing line, then going from 2.5 months to 6.5 months just means we’re going from extreme under supply to moderately under supply.
