How low is housing inventory?

While housing inventory may appear to have bottomed in terms of the number of properties listed for sale, as reported last week in Has Housing Inventory finally bottomed?, a more meaningful statistic is the number of months’ supply that current inventory offers.
Bering in mind that 6 months’ supply is generally regarded as representing a market in equilibrium, the following tables – for Single Family Homes (SFH) and Condos – show that Essex County and Massachusetts, as well as the vast majority of individual towns and cities, remain very strong sellers’ markets.

SFH

Condos

Sagan Harborside Sotheby’s International Realty