Thoughts on the current Month Supply of Inventory graphs:

• note how 1 year ago, there were no red portions of either county. this means that we were either in a “neutral” (yellow) or “buyer’s” (green) market last year.
• the shift is significant to a sellers market. This shows that there are fewer homes available to buyers in December 2011 compared to December 2010.
• each number represents the amount of months to aborb all of the current inventory available, without any new listings coming on the market.