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What is the difference between the monthly average inventory and months’ supply of inventory?

April 26, 2017average Inventory supply

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What is the difference between the monthly average inventory and months’ supply of inventory?

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The monthly average inventory is the average number of homes for sale in a specific real estate market during a select month. The months’ supply of inventory is the total number of months it would take to sell all the homes for sale during a select time period. For example, if the months’ supply of inventory for Bucks County is 8.8 and the inventory is 5,231, it would take approximately nearly nine months to sell all 5,231 homes currently on the market.