I thought this was an interesting chart of the months of inventory trend, for Buckhead (FMLS Area 21), over the last 5 years. 17 months of inventory is still fairly high, compared to 2005 and 2006, but it’s down significantly from the highs of the market crash in late 2008 and early 2009. Overall, it looks like a decent trend.
As I’ve defined in previous posts, “months of home inventory” analysis can be a useful tool in understanding the state of the market. It incorporates actual inventory levels and the sales absorption rate.
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