The zips highlighted in bold had increases in month's inventory. I am rather pleased, Folsom has finally reached the tipping point at 6 months, although EDH dropped by 2 months, but is still in buyer's territory at 9.4 months.
Many areas actually saw a decrease in month's inventory. Please keep in mind some areas, like Woodland at the top of the chart with 21 month's inventory, are really skewed by low numbers (they went from 15 sales in April to 6 in May).
For a better description of this data and where it comes last month's post here.
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3 comments:
no 95814 love?
Just started tracking them...so I won't have any info till next month...now I know why I didn't have them before....the sales are really low....so the stats won't make much sense. I'll try to remember and start a separate category for those zios and just report the raw numbers.
BTW Sac Bee doesn't report on 95617...so I can only report on inventory for them. Sorry bout that.
One thing to keep in mind is that the two sources track different things. Zip tracks MLS inventory only while DQ tracks all home sales recorded by the County (MLS + non-MLS). In other words: MLS Inventory/MLS sale+non-MLS sales.
Therefore, this method probably underestimates months supply because it underestimates inventory.
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