Click on the reports below to see how the market is fairing in various sectors by viewing Monthly Supply of Inventory (MSI) and Days on Market (DOM).
A snapshot of the data tells us the following:
- All homes - MSI for Jan. 2008 is 9.5 months (vs 6.1 in Jan. 2007); DOM Jan 2008 is 83 days
- $500k and up homes - MSI for Jan 2008 is 19.5 months (vs 13.0 in Jan 2007); DOM is 99 days
- $750k and up homes - MSI for Jan 2008 is 23.9 months (vs 17.9 in Jan 2007); DOM is 119 days
- $1mm and up homes - MSI for Jan 2008 is 23.2 months (vs 19.9 in Jan 2007); DOM is 119 days
This tells us that the lower priced homes have been harder hit with percent change of MSI - their sales slowed more than luxury homes.
Download tristate_area_msi_dom.pdf
Download tristate_area_500k_and_up_msi_dom.pdf
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