Walnut Creek: Months of Inventory Lowest in 12 Months

Posted on 01. Sep, 2009 by Peter Kui

Walnut Creek home sales is well ahead of the available inventory. In August, the months supply of inventory is down 58% from last August. Walnut Creek has a 2.4 “Months of Inventory”. This is a statistical measurement which suggests all the homes currently listed for sale will be sold in 2.4 months at the rate homes are currently selling. This is a remarkable improvement from last August when this indicator was at 5.8 months. The “Months of Inventory” peaked around 6 months in January and February of this year. Sales picked up in March and April, then inventory increased again in July, but home sold quickly and the much of the new inventory was sold in August.