Per realtor.com, there are 129 single family detached homes for sale right now.
Taking the average sales for April and May (which only really affects the 1.75 – 2M), I came up with the following months inventory:
The results were kind of strange, so I’ll put everything under 2M together – 4.8 months
Overall, the inventory is 9.21 months.
Hmm, how can the high-end market continue to appreciate with 17 months of inventory? According to the realtor I spoke to, the high end is appreciating while the low end is depreciating. However, most of the inventory is in the high end.
