Months Supply of Inventory
This chart shows how many months it would take to sell all the homes in the city of Miramar that are on the market at the current selling rate if there where no new homes added to the market for sale. A normal balanced market usually has about 6 months supply of inventory. If a market has much less than 6 months supply it’s considered a seller’s market due to the lack of inventory. If there is much more than a 6 month supply, that would be considered a buyer’s market due to the excess supply of homes for sale.