The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: sammaster who wrote (967)	10/30/2001 9:53:28 AM
From: Tradelite	Read Replies (1) of 306849

<<what does the 5.4 month supply really mean?>> As I've always understood this measurement, it means that if houses continue to sell at their last measured rate (whether that be last quarter, last month or last week), then the supply of currently for-sale homes would be gone in 5.4 months. This "supply" figure apparently is a national average, however, so it will vary considerably by area and must take into account rural areas where properties might take much longer to find the right buyers. A 12-month supply in certain areas of the Wash DC metro region was not uncommon during the last recession in the early 1990s. Back then, I never was willing to take a listing from a seller for less than 6 months to a year. Obviously, many real estate agents are willing to take shorter listings if homes are selling relatively fast. Most common at most times in most markets would be a 90-day listing. That's a reasonable period of time in which to expect the typical home in typical condition in a typical location to sell when supply and demand are in relative balance.

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