Residential Supply
(Also known as Absorption Rate)
This number represents the number of months it would take to sell the current inventory of available
homes, assuming no new listings come on the market AND that market conditions and rate of sale stay the same.
Typically, a BALANCED MARKET would have a supply in the five to seven month range, a SELLERS MARKET would have less than a five month supply, and a BUYERS MARKET would have more than a seven month supply.
