Months of inventory – A lower amount of months of inventory is more beneficial to sellers. While a higher months of inventory is better for buyers. As you can see in the year from January 2022 to November 2022 the amount of inventory has increased. The November 2022 Months of Inventory based on closed sales is up 4.4% compared to last month. However for the market to be at equilibrium (For Fresno County) we would need to be in the range of 3 to 6 months of inventory. In addition we are seeing an upward trend for home and their days on the market. The Days on Market for November 2022 was 26 days, up 4% from the October 25 day average.
