How’s the market? Number crunching tells the story
October 28th, 2019
My July e-news noted two ways of gauging real estate activity: Days on market, and the sales to listing ratio. Today we'll delve into months of inventory (MOI). This is simply the number of active listings in a particular market, or preferably a precise sub-market, on a given day divided by the number of sales in that market/sub-market the previous month.
For example, on Oct 21, 582 detached ...