Existing Home Sales: Months Supply : 4.2 (As of 2024-08-01)
Basic Info
Existing Home Sales: Months Supply refers to the number of months it would take for the current inventory of homes on the market to sell, given the current sales pace. This metric is helpful for evaluating the balance between supply and demand in the housing market, indicating whether the market is more favorable to buyers or sellers.
The Months Supply in essence is calculated by dividing the total number of homes currently for sale by the number of homes sold per month. For example, if there are 500,000 homes on the market and 100,000 homes are sold each month, the Months Supply would be 5 months.
Monthly, not seasonally adjusted.
Existing Home Sales: Months Supply was 4.2 as of 2024-08-01, according to Organisation for Economic Co-operation and Development. Historically, Existing Home Sales: Months Supply reached a record high of 5.7 and a record low of 1.6, the median value is 3.9. Typical value range is from 2.7 to 4.5. The Year-Over-Year growth is 27.19%. GuruFocus provides the current actual value, an historical data chart and related indicators for Existing Home Sales: Months Supply - last updated on 2024-08-01.
| Category | Production & Business Activity |
| Region | USA |
| Source | Organisation for Economic Co-operation and Development |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 4.2 | ||
| Latest Period | 2024-08-01 | ||
| Long Term Average | 3.62 | ||
| Average Annualized Growth Rate | -0.2% | ||
| Value from 1 year ago | 3.3 | ||
| Change from 1 year ago | +27.27% | ||
| Frequency | Daily | ||
| Unit | Months | ||
| Download Source | source link |
Related Indicators
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