Quote:
Originally Posted by Kavvy
I am still trying to figure out what he means by "Inventory levels drastically came down" when Active listings are the highest since 2012, and increased every month in 2015.
I think he means the active listings increase per month for the month of March has significantly been reduced compared to February, but the way he phrased it is concerning to to me considering the message of his post.
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Inventory is active listings divided by sales I believe, so:
Feb 2015:
Active Listings = 5329
Total Sales = 1217
Inventory = 4.38 months of inventory
Mar 2015:
Active Listings = 5693
Total Sales = 1747
Inventory = 3.26 months of inventory
So inventory has come down quite a bit from Feb 2015 to March 2015, but is still way over March 2014 inventory (1.24 months of inventory).