The number of months of inventory (MOI) is an important measure for determining the supply and demand equilibrium in the housing market. This ratio represents the number of months (or days) it would take to completely sell the homes that are currently listed for sale, based on the area’s current rate of sales activity.
According to the Canadian Real Estate Association (CREA), there were 4.8 months (144 days) of inventory on a national basis at the end of August 2016. In CREA’s national statistic package release it’s noted that the MOI has been trending lower since early 2015, “reflecting increasingly tighter housing markets.”
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