Months of Inventory Snapshot July 2007
Is a picture worth a thousand words? (Still having trouble with displaying tables nicely, sorry…)
History of Months of Inventory, from January through July of 2007, also called the Absorption Rate. Generally, 4-6 months of inventory signals a balanced market, less than that would be a Seller’s market, more than that would be a Buyer’s market. Interesting to see that some areas are generally overloaded with inventory, while others are not so terrible.
Data from the Tucson Association of Realtors, deemed reliable, but not guaranteed.
