Months Supply of Inventory (MSI), 2013-2023
The Sun Valley Report | Friday, January 27, 2023
This week Jordan pulled data on Months Supply of Inventory (MSI), which basically quantifies the relationship between supply and demand in a housing market. If new homes stopped entering the market, how many months would it take to burn through all of the homes currently available for sale? MSI answers this question.
The chart below shows the MSI for the last 10 years. Interestingly enough, this chart also quite clearly shows the seasonality of our market — with the lowest MSI in the summer months and highest at the start of the winter season. The COVID pandemic through this off a bit, but it looks as if we are now heading back to more normalized seasonality.
While MSI went up during the late summer and fall of 2022, it started to drop again at the end of the year. As we get closer to spring and new inventory comes to market the MSI should increase again.
And on the non-real-estate side of things, an exciting update from the Rixon + Cronin Charitable Fund (RCCF)! We recently streamlined our grant application process and have moved to an entirely virtual format. Local non-profits can now apply for a grant from the RCCF directly on the Rixon + Cronin website HERE. If you or someone in your sphere knows of a project that could use funding, by all means share this with them!
About Town This Weekend
Looking for some new ski duds? This weekend the Brass Ranch at River Run will be hosting a Rossignol Pop-Up Boutique to show off their new ski wear collection. Saturday afternoon the Brass Ranch will have a DJ and Aperol Spritz’s to enjoy while you browse the collection. Sounds like a fun way to end a day of skiing!
Wishing you all a fantastic weekend!