Months of Inventory has now reached the highest point when compared to years dating back to 2008. Although the actual value has dropped in March, this is very typical of March which is supposed to be a seller's month. This year, however, this has not been a seller's month. Sales continue to struggle and the MOI is expected to remain steady for the next 2 months before rising for the remainder of the year (much like in 2008 and 2012).
< 5 months: Seller's market
5-8 months: Balanced market
> 8 months: Buyer's market
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