Finally, let’s look at the Months of Inventory in Durham.
This statistic tracks how long it would take for all houses on the market in Durham to sell if we stopped having any new listings. The higher the MOI, the more of a buyer’s market, the lower the MOI, the more of a seller’s market. Somewhere between three to four months is considered a balanced market.
How is Durham doing in terms of months of inventory? Remember that the lower the levels of inventory, the more likely it is that prices will rise.