Snohomish and King County months supply of inventory- December 2011

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.