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Rents and new inventory stabilized somewhat in December, though days on market for single family homes went up another 4 days in December.
Here is a summary of December and the past several months.
- Days on market have continued to increase since June, going from 13.4, 16.3, 19.1, 22.0, 24.4, 28.3, 32.3 days each month, respectively.
- Rents have averaged $2,321, $2,338, $2,288, $2,304, $2206, $2,159, $2,153 in December.
- Meanwhile, new inventory in June was 388 units (single family and townhomes), July 374, August 399, September 450, October 486, and back down to 382 in November and 378 in December.
What’s missing?
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