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5 Year Real Estate Trend for the Months of Inventory Based on Closed Sales for Lenexa, KS
Months of Inventory Report
About the Months of Inventory Report
There are 2 kinds of Months of Inventory as follows:
- Months of Inventory based on Closed Sales (MOI based on Closed Sales)
MOI based on Closed Sales = the number of properties for sale divided by the number of properties sold.
- Months of Inventory based on Pended Sales (MOI based on Pended Sales)
MOI based on Closed Sales = the number of properties for sale divided by the number of properties pended.
How to Use Months of Inventory Report?
Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.
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