Single Detached
Months of inventory for single detached homes numbered 4 at the end of the third quarter of 2024, down from the 5.5 months recorded at the end of the third quarter of 2023.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, homes spent less time on the market in the third quarter of 2024 than they had a year earlier.
The median number of days on market for sold single detached homes was 29 in the third quarter of 2024, down from 35 days in the third quarter of 2023.
Apartment
Months of inventory for apartment units numbered 3.3 at the end of the third quarter of 2024, down slightly from the 3.6 months recorded at the end of the third quarter of 2023.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, apartment units spent less time on the market in the third quarter of 2024 than they had a year earlier.
The median number of days on market for sold apartment units was 28 in the third quarter of 2024, down from 37 days in the third quarter of 2023.
