Another take on inventory

Diminished Domiciles

While inventory of homes is low, commonly used measures such as months of inventory or number of units for sale, severely underestimate the shortage. The number of units for sale divided by the number of households has been flat at 1.7% since early 2013, its lowest level ever! During the housing boom it was as high as 3.5%. Worse, 1.7% is an underestimate as household growth is substantially below trend.

Elliot F. Eisenberg, Ph.D
GraphsandLaughs, LLC
Cell: 202.306.2731


About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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