Number of months supply of homes (absorption rate)
Average days on market
• 12+ months supply is an Extreme Buyer's Market (High Depreciation)
• 9-12 months supply is a Normal Buyer's Market (Moderate Depreciation)
• 6-9 months supply is a Balanced Market (Flat/Slight Depreciation)
• 3-8 months supply is a Normal Seller's Market (Moderate Appreciation)
• 0-3 months supply is an Extreme Seller's Market (High Appreciation)
