Given that the MOI is heavily influenced by sales, it isn't a surprise that the MOI has jumped back up in June as sales struggled again in June. It is anticipated that the MOI will stay very flat in July as both sales and TI are expected to remain very similar to June numbers.
< 5 Months of Inventory = Seller's Market
5-8 Months of Inventory = Balanced Market
> 8 Months of Inventory = Buyer's Market
My Predictions for July: 6.0-7.5
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