Months of supply
How many months it would take to sell every current listing at the recent pace of sales. Under about four to six months generally favors sellers; more favors buyers.
Also called: months of inventory, MOI, housing inventory
Related terms
How fast homes are selling in an area, often shown as the share of current listings that sell in a month. Higher rates point to a seller's market.
A market with more homes for sale than buyers. Homes sit longer, prices soften, and buyers have more room to negotiate price and repairs.
A market with more buyers than homes for sale. Homes sell fast, often with multiple offers, and buyers may need to offer above list or waive conditions.
How long a home has been listed for sale. A high number can mean room to negotiate; cumulative DOM counts time across relistings.