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What happened to "months of supply" stats?

 
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BreakheartWalker7



Joined: 22 Oct 2015
Posts: 3
Location: Wakefield, MA

PostPosted: Fri Jul 28, 2017 2:55 pm GMT    Post subject: What happened to "months of supply" stats? Reply with quote

The real estate professionals used to publish data on how many months of supply were available in a given region. This is calculated by dividing the number of active listings by the number of sold properties over the previous 12 months (according to this L.A. Realtor's blog).

Nobody seems to be using this stat in Boston in 2017. What's going on? Is the supply so low that the number is discouraging or misleading?

Supply seems to be measured simply as number of active listings today. This is useful but does not reflect the overall volume of transactions.
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admin
Site Admin


Joined: 14 Jul 2005
Posts: 1821
Location: Greater Boston

PostPosted: Fri Jul 28, 2017 4:13 pm GMT    Post subject: Reply with quote

I think you could get this from Zillow, last I checked (which has been a little while): https://www.zillow.com/research/data/

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BreakheartWalker7



Joined: 22 Oct 2015
Posts: 3
Location: Wakefield, MA

PostPosted: Sun Aug 13, 2017 8:16 pm GMT    Post subject: Reply with quote

Zillow has a related metric, "Age of Inventory (Days)" and tracks monthly time series for different metro areas. I think this is a more direct way to measure what "Months of Supply" was supposed to measure. So, thanks for the tip.

It certainly tells a story.



I was hoping to find a finer-grained metric, by town and property type, like 3BR condos in Watertown.
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