May Market Trends: May 2024 MOI
What does MOI mean? The Months Supply of Inventory indicates how many months it would take to sell all the current inventory of homes on the market if no new listings were added. A lower number suggests a seller’s market, where demand is high and supply is low. What is considered a “balanced” market? Historically, 5-6 months supply of inventory. Presently, we are far from a balanced market.
Check your Zip code/city MOI for the month of May:
If you would like to know the MOI in your neighborhood contact Jackie at 757 870 1902 or email Jackie@GoodToBeeHome.com
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