cheaprealty net

Here is another update comparing the months of inventory (MOI) based on February 2008 numbers vs average sales from the three months of February 2008 and March and April 2007. This gives a better estimate of months of inventory going forward, considering listings as well as sales tend to pick up at this time of year.

I expect sales numbers to be lower this month (March 2008) compared to last year (March 2007).

Affordability must still be an issue, because the only bracket with any obvious shortage of homes and little change is the sub-median single family home bracket.  Listings are skewed again above the median for all property types, and so are the months of inventory.

I have taken the advice of awum given on the previous entry, and will be rolling the results of the search for townhouses in with a search for duplex and triplex units, and presenting those numbers as the townhouse numbers on these tables going forward.