Months of Inventory

In housing, months of inventory refers to how long it will take for the current homes on the market to sell relative to how many have recently sold. So if 6 homes in a certain area have sold in the last 6 months, it is expected that 1 house per month sells, therefore, 5 homes currently on the market means 5 months of inventory.

Quarter 2 of 2013 is showing 2.69 months of inventory for the South Metro region of Colorado. That is down from 4.96 for Q2 of 2012. And what’s more amazing is that the same area had 7.04 months of inventory in 2011. So things are looking really good for the economy in housing. 

About Jeff Hansen, Realtor in Colorado

Search for homes here; for FREE. Licensed Real Estate broker with RE/MAX Professionals at 10135 W. San Juan Way, Littleton, Colorado 80127. I have been a Realtor Since 1992 and provide Free Real Estate Advice Realtor in Littleton, Colorado and the Metro Denver Area, A Real Estate investment company focusing on the buyers and sellers of homes, also including fix and flips and rental properties, Listings and all sales of realty. (303)794-4530 Disclaimer I will not receive any compensation or take on any liability because of any conversation on this or any related web page w/o any written brokerage agreement. And there will be no relationship actual or implied because of any conversation on this or similar pages. No written agreement, therefore. AND Differ from state to state, so check your state's rules.
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