Home Prices Still Tracking Months of Inventory

Submitted by Rich Toscano on November 17, 2010 - 6:41pm
Back in July I put up a chart showing that the number of months' worth of housing inventory was highly correlated to home price changes.  That same chart suggested that, in accordance with a longstanding rule of thumb, six months' of inventory seemed to mark the line between upward and downward pressure on home prices.

Below is an update of that chart...




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