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5 Comments

  1. moneymaker
    November 29, 2014 @ 7:49 AM

    Looks like the average
    Looks like the average inventory over the last 5 years is about 3 1/2 months. A little on the low side historically probably, what do you think the average inventory is historically? 4 months? 6 months?

    • Rich Toscano
      December 2, 2014 @ 9:52 AM

      Well, the rule of thumb is
      Well, the rule of thumb is six months. Interestingly, if you look back at the all-inventory one (which goes back further), 6 months was actually pretty good for a long time… ie, that marked the line between whether prices were going up or down. In recent years, it seems that the “neutral” inventory has gotten closer to 4 months. On the active only chart, it seems like in recent years 3 months was neutral — but that also shifted, and was higher previously.

      So not a clear answer there… if I had to sum it up I’d say historically the 6 month rule of thumb worked quite well, but more recently it’s been more like 4 months, for whatever reason.

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    December 12, 2014 @ 5:26 PM

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    • Rich Toscano
      December 12, 2014 @ 11:25 PM

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      • moneymaker
        December 17, 2014 @ 9:05 AM

        Maybe because of online sites
        Maybe because of online sites the real estate market is getting more efficient and that is why houses are not on the market as long anymore. Just a thought!

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