Single Family
Months of inventory for single-family homes numbered 5.5 at the end of the third quarter of 2024, unchanged from the 5.5 months recorded at the end of the third quarter of 2023.
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.
Despite an equally balanced market, single-family homes spent more time on the market in the third quarter of 2024 than they had a year earlier.
The median number of days on market for sold single-family homes was 33 in the third quarter of 2024, up from 23 days in the third quarter of 2023.
Townhouse/row
Months of inventory for townhouse and row units numbered 4.1 at the end of the third quarter of 2024, up from the 3.1 months recorded at the end of the third quarter of 2023.
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, townhouse and row units spent more time on the market in the third quarter of 2024 than they had a year earlier.
The median number of days on market for sold townhouse and row units was 31 in the third quarter of 2024, up from 21 days in the third quarter of 2023.
Condominium
Months of inventory for condominium units numbered 4.4 at the end of the third quarter of 2024, up slightly from the 4 months recorded at the end of the third quarter of 2023.
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, condominium units spent more time on the market in the third quarter of 2024 than they had a year earlier.
The median number of days on market for sold condominium units was 29 in the third quarter of 2024, up from 18 days in the third quarter of 2023.
