Months Supply of Homes

 

Fairytale Town – Land Park

“Months supply” of homes on the market is the ratio of the current inventory of active listings compared to sales in the last month (April 27th – May 26th). In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.

Low months supply is a healthy sign. High month supply…not so good.  Below is a somewhat random sample of communities listed from lowest to highest month supply. 

Land Park/Curtis Park  70 listings, 17 solds,   4.1 months

DAVIS  174 listings,  23 solds,   5.4 months

Roseville  730 listings,  130 solds,   5.6 months

Elk Grove   1156 listings,  208 solds,   5.6 months

Fair Oaks   201 listings,  32 solds,   6.2 months

West Sacramento   294 listings,   44 solds,   6.7 months

Woodland   306 listings,   40 solds,   7.6 months

Stockton   2789 listings,   361 solds,   7.7 months

Vacaville   626 listings,   63 solds,   9.9 months

Fairfield   869 listings,   69 solds,   12.6 months