The “months of supply” indicator has little or no predictive power and often gives a false impression of the strength or weakness of the real estate market.
Realtors invented the “months of supply” to measure market absorption, providing a reading of how fast homes sell...
http://marketinsite.wpengine.com/one-housing-market-indicator-never-trust/
Tuesday, October 18, 2016
One housing market indicator you should never trust
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