Months Supply of Housing Units by Jurisdiction: July 2006 vs July 2005

Months Supply of Housing Units by Jurisdiction: July 2006 vs July 2005
in selected jurisdictions in the Washington, DC metro area.

The months of inventory numbers are calculated from the MRIS. Months of inventory is calculated by taking the number of housing units available (active listings) and dividing that by the number of housing units sold during the past month. Generally, six months of inventory is considered a 'balanced' market between buyers and sellers. The months of supply during 2005 was really low. Now, in many jurisdictions across the Washington, DC area, the months of supply is returning to normal. Jurisdictions like Loudoun County, and Prince William's County face a glut of inventory