Months Supply of Inventory: June 2005-June 2007

Highlights: 18.5 Months Supply of Inventory in June 07 ! Whew. What does that suppose to mean? Honestly, I have no clue why we have that number in June. But  what you will notice  is that the MSI was slowly going down if not for the humongous  18.5 months of June 07'. We'll have to wait and see what happens next.

Quick advice on those of you who want to sell your home or those who are currently in the market. Price your home in the top 3 in  your area. Also, be and stay in the top 3 of the best condition category. You will surely attract more attention and possibly a much faster sale.

* this advice was given to me by Joanne Correira

Observations:

• Based on this data the MSI for the warmer months(June,July,August) of 2005 & 2006 are lower than the colder months of the same years.
• The data tells us that it is still a strong buyer's market.

Source: Broker Metrix/ Multiple Listing Service