Months of Supply and small numbers

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Months of Supply and small numbers

Postby Alan » Mon Dec 15, 2008 12:36 pm

Ardell posted Sunday night stats with MOS numbers for some good and non-so-good markets. It made me curious what the MOS is for markets I watch.

All of these numbers are for SFH under $350k.

98007: (east Bellevue)
- 3 sold in the last three months
- 1 on market
- 1 MOS
This means it is a strong seller's market, but the single house for sale has been on the market for 80 days.

98008: (far east Bellevue)
- 5 sold in the last three months
- 4 on market
- 2.4 MOS
- Still a strong sellers market. Houses on market have been listed for 55, 76, 77 and 187 days.

98052: (Education Hill in Redmond)
- 7 sold in the last three months
- 8 on market
- 3.4 MOS
- Houses on market have been listed for 29, 40, 45, 55, 121, 154, and 184 days.

The statistical metrics all say these are seller's markets, but the houses on the market aren't moving. I think the numbers are too small to have any statistical significance.
Alan
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