I just updated the Market Snapshot data and see that the average MOI for the foothills is a very lean 4.4 months. But it is a very lopsided average. Because homes listed up to $599k are down to a squeaky tight 2.7 month supply, while everything above that is at a very flabby 10 months or more. (6 months inventory is considered a normal, balanced market – much less and it’s a sellers market, much more and it’s a buyers market, in theory)
See for yourself > Market Snapshot
And as we head into the triple digits that situation is not likely to improve.
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