This is an illustration of the relationship between our market’s supplyand demand in four price ranges. The numbers (6, 11, 14, 25) representthe months of supply of properties currently available based on averagedemand per month during the past twelve months.



This month (May 2008) shows an increase in months supply in all except the lowest price range.  The most significant increase was in the $400k+ price range where the months of supply available jumped from 21 months to 25 months.  This was largely because of the increased supply of homes --- 152 homes for sale in May as opposed to only 137 in April.