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news
Joined: 14 Jul 2007
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Location: Greater Boston
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Renting in Mass
Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011
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 Posted: Sun Aug 29, 2010 11:23 am GMT Post subject: |
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| Where can I find months supply for Mass? That's the number I'm most interested in. |
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admin
Site Admin
Joined: 14 Jul 2005
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Location: Greater Boston
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Renting in Mass
Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011
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| Posted: Mon Aug 30, 2010 8:07 pm GMT Post subject: |
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Found it.
| Quote: | | The inventory of single-family homes as of July 31, 2010 increased 10.0 percent from July 2009 (28,740 listings in 2009 to 31,685 listings in 2010) which translates into 9.9 months of supply in July 2010. This is up from 6.4 months of supply last year and up from 6.1 months in June 2010. This was the fifth straight month of inventory gains and the first double-digit increase since November 2006. There were also more homes for sale this past July than any month since October 2008. |
Source
Combine that with this chart and it's clear which way prices are heading.
Short summary: when months of supply is over 6 months, prices go down (with the exception of distortions caused by the tax credits). |
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Renting in Mass
Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011
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| Posted: Mon Aug 30, 2010 8:45 pm GMT Post subject: |
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Found it.
| Quote: | | The inventory of single-family homes as of July 31, 2010 increased 10.0 percent from July 2009 (28,740 listings in 2009 to 31,685 listings in 2010) which translates into 9.9 months of supply in July 2010. This is up from 6.4 months of supply last year and up from 6.1 months in June 2010. This was the fifth straight month of inventory gains and the first double-digit increase since November 2006. There were also more homes for sale this past July than any month since October 2008. |
Source
Combine that with this chart and it's clear which way prices are heading.
Short summary: when months of supply is over 6 months, prices go down (with the exception of distortions caused by the tax credits). |
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