Property Valuation
What is 'months of supply' in Idaho real estate market analysis?
AThe number of months a listing has been on the market
BThe number of months it would take to sell all current listings at the current absorption rate✓ Correct
CThe number of months a new construction project takes
DThe inventory of homes available for rent
Explanation
Months of supply = Current inventory ÷ Monthly absorption rate. A balanced market typically has 4-6 months of supply; below 4 months indicates a seller's market; above 6 months indicates a buyer's market.
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