Single Detached
Months of inventory for single detached homes numbered 3.3 at the end of the fourth quarter of 2022, up from the 1.1 months recorded at the end of the fourth quarter of 2021. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity. With a more balanced market, homes spent more time on the market in the fourth quarter of 2022 than they had a year earlier. The median number of days on market for single detached homes was 19.5 in the fourth quarter of 2022, up from 12 days in the fourth quarter of 2021.
