I’m wanting to alert you all to inventory changes throughout the month so you get an idea of what is happening in between my monthly statistics update. So, what I did was calculate the ratio between New Listings and Pending Listings and graphed it below the Inventory table on the www.SloWatch.com page.
What I plan to do is blog the New/Pending Listing Ratio throughout a month.
For example, for the first seven days of June the ratio is 2.03. As you’ll see on the graph, over 2 is not good for home sellers. We only had a few months last year that the ratio was over 2 and it was during the summer months when inventory was growing rapidly.