Michelle Kim | September 27, 2024
Months of Supply Inventory (MSI) quantifies the supply/demand relationship by measuring how many months it would take for all current homes listed on the market to sell at the current rate of sales. The long-term average MSI is around three months in California, which indicates a balanced market. An MSI lower than three indicates that there are more buyers than sellers on the market (meaning it’s a sellers’ market), while a higher MSI indicates there are more sellers than buyers (meaning it’s a buyers’ market). Over the past two years, single-family home MSI has varied between a sellers’ market and a balanced market, while condo MSI has varied between a balanced market and a buyers’ market. Since May 2024, MSI has declined significantly. Currently, MSI indicates that the single-family home market favors sellers, and the condo market is balanced.
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Michelle Kim | June 1, 2025
Quick Take: Median sale prices have remained roughly flat on a year-over-year basis in the North Bay in the month of April. Inventory levels continue to drop, as consi… Read more
Michelle Kim | June 1, 2025
Quick Take: In the month of April, we saw considerable year-over-year declines in median sale prices throughout the East Bay. Both single-family home and condo invento… Read more
Michelle Kim | June 1, 2025
Quick Take: Single-family median sale prices in Santa Cruz County have fallen on a year-over-year basis for the first time in over a year. We’re seeing drastic increas… Read more
Michelle Kim | June 1, 2025
Quick Take: The sale price of the median condo has begun to uptick on a year-over-year basis, after several negative months. Inventory continues to be an issue for San… Read more
Michelle Kim | June 1, 2025
Quick Take: Bay Area real estate markets show mixed trends in April, with some areas seeing price declines while others maintain growth. Inventory dynamics vary dramat… Read more
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