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References in periodicals archive ?
Months Supply of Inventory Average of 54 metro areas
Benton County is also encountering a tightening housing market with fewer listings (-3.3 percent), fewer months supply of inventory (5.4 months, -21.7 percent drop), as well as a drop in inventory of homes for sale (-8.7 percent).
The months supply of inventory dropped 10.7 percent at year's end to a 5 months supply.
But the big concern, as it has been for over a year, is the drop of 21.8 percent in months supply of inventory (4.3 months in September 2017 from 5.5 months in September 2016) for single-family homes, along with a 28.6 percent plunge for condo units (3.0 months in 2017 from 4.2 months a year ago).
The Months Supply of Inventory also grew in February from 3.1 in 2018 to 3.4 this year.
Indiana Existing-home sales, 2016-2017 percent change 1.1% 2.4% House price appreciation, 2016 Q4 to 2017 Q4 7.0% 6.6% Residential building permits (number of units), 6.2% 15.8% 2016 -2017 percent change Foreclosure rate, 2017 Q4 1.2% 1.4% Months supply of inventory, 2017 average 4.4 3.8 Rental vacancy rate, 2018 Q1 7.0% 8.5% Source: Indiana Association of Realtors, National Association of Realtors, Federal Housing Finance Agency, U.S.
The months supply of inventory dropped 24.2 percent in May to 10.0 months supply.
The Months Supply of Inventory is now 3.5, compared to 3.3 a year ago.
Indiana Existing home sales, 2016 to -0.2% 2.8% 2017, year-over-year change House price appreciation, 2016 5.7% 5.1% to 2017, year-over-year change Residential building permits, 10% 11% August 2016 to August 2017, year-over-year change Foreclosure rate, 2016 Q3 1.6% 1.7% Months supply of inventory, 5.0 4.1 September 2017 Housing affordability 149.9 261 index, August 2017 (*) (*) The housing affordability index measures the ability of a family earning the median income to purchase a median-priced home.
Months Supply of Inventory totaled 3.7, which is the second-lowest for September in report history, second only to 3.6 months inSeptember 2017.
Based on the rate of home sales in August, the Months Supply of Inventory increased to 3.0 from 2.9 inJuly 2018, and decreased compared toAugust 2017at 3.1.
While Indiana's months supply of inventory generally mirrors the nation, its rental vacancy rate surpasses the nations' by 3.3 percentage points (see Table 2).