Property Valuation
Months of housing supply in the Salt Lake City market is calculated as:
ANumber of active listings ÷ Average monthly sales✓ Correct
BAnnual sales ÷ Total population
CActive listings × Average days on market
DTotal sales ÷ Number of agents
Explanation
Months of supply = Active listings ÷ Average monthly sales. Less than 3 months indicates a seller's market; more than 6 months suggests a buyer's market.
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