Real Estate News - Fourth Quarter 2022

Real Estate News

As we begin the New Year, I want to thank each of you for your continued friendship and support for my real estate business.

Looking back on 2022, it was certainly an interesting real estate market throughout the Roaring Fork, Crystal River and Colorado River Valleys. Lower levels of inventory, higher home pricing and increasing mortgage interest rates presented real estate challenges for everyone! A few lessons learned:

• Sellers may find it necessary to do more than just stage a home to sell

• Home inspections matter, as does the age and condition of your roof! Sellers may need to make repairs before listing and selling.

• Buyers needing mortgages need to plan and prepare for home loan approvals.

It takes more than a good credit score to qualify for a home mortgage in today’s marketplace. I feel that it is crucial for home buyers or owners needing a mortgage to get involved with a local leader early in the process and before you find that perfect home. With that in mind I reached out to some top local lenders throughout the Valley. You will find their solid “Lender’s Advice & Tips” interspersed throughout this New Year newsletter along with the 2022 year-end market reports.

Home ownership is still within reach, and I am readily available to make your dream a reality in 2023.

My best wishes for the New Year,

New Listings 9 9 0.0% 175 153 - 12.6% Sold Listings 20 4 - 80.0% 154 80 - 48.1%

Median Sales Price* $8,950,000 $7,550,000 - 15.6%$9,475,000 $12,975,000 + 36.9%

Average Sales Price* $15,706,273 $9,025,000 - 42.5%$12,219,436 $16,881,374 + 38.2%

Percent of List Price Received* 95.0% 100.5% + 5.8% 94.8% 95.4% + 0.6% Days on Market Until Sale 130 65 - 50.0% 136 108 - 20.6% Inventory of Homes for Sale 67 68 + 1.5% Months Supply of Inventory 5.2 10.2 + 96.2% * Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Townhouse/Condo

December Year to Date

New Listings 11 13 + 18.2% 234 178 - 23.9% Sold Listings 21 4 - 81.0% 250 120 - 52.0%

Median Sales Price* $2,600,000 $5,362,500 + 106.3%$2,091,000 $3,137,500 + 50.0% Average Sales Price* $5,376,571 $9,543,750 + 77.5%$3,129,674 $4,562,875 + 45.8%

Percent of List Price Received* 99.4% 96.6% - 2.8% 97.3% 97.5% + 0.2% Days on Market Until Sale 62 19 - 69.4% 93 45 - 51.6% Inventory of Homes for Sale 32 52 + 62.5% Months Supply of Inventory 1.5 5.2 + 246.7%

Median Sales Price –Townhouse-Condo Rolling 12-Month Calculation

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$14,000,000 1-20171-20181-20191-20201-20211-2022

$3,000,000

Median Sales Price –Single Family Rolling 12-Month Calculation $0

Aspen — Entire MLS — Entire MLS — Aspen — $0

$2,000,000

$1,000,000

$4,000,000 1-20171-20181-20191-20201-20211-2022

Current as of January 5, 2023. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2023 ShowingTime.

FEDERAL RESERVE

PRESS RELEASE

The Federal Reserve concluded its final meeting of 2022 by raising the Fed Funds rate by just 0.50%. You expected that, and so did the market. Here are 4 important things to note about this announcement:

1. This is the 7th interest rate increase this year and the first time since 1994 that involved a cycle of 0.75% increases.

2. This week’s smaller 0.50% increase signals that the Fed has seen some small improvements in the inflation data but remains cautious to understand how the massive lag effect of rate changes plays out in the economy. Take away – watch inflations and jobs data for clues to Fed moves.

3. This week’s change also brings the Fed Funds rate to 4.50%. It’s expected that this rate will rise to 5.0% in early 2023 via two more rate increases of 0.25% each. Data-dependent, of course.

4. We should expect upcoming Fed speeches to act like a rudder in the financial waters. If stock and/or bonds rally too much, Fed presidents may talk more aggressively about keeping rates higher for longer.

Compliments of Kolton Morrison, Certified Mortgage Advisor at Foundation Mortgage 970-373-2340 kolton@foundation.mortgage

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Median Sales Price –Townhouse-Condo Rolling 12-Month Calculation

CREDIT DO’S FROM CHASE

DO GET PRE-QUALIFIED Although you may be months or even years away from buying a home you should get pre-qualified as soon as possible. A pre-qualification is usually only good for 60 days however going through the process will allow you to discover any red flags that could potentially cause you problems down the road (credit issues, down payment, reserves)

DO GET TOGETHER

A COMPLETE APPLICATION

PACKAGE You will be provided with a list of items needed for a mortgage loan application. Make sure to collect all of the requested information as it will greatly expedite the process. Make sure you have all pages of bank statements, tax returns, etc. Cover pages and screen shots will not be accepted by most lenders and will only cause delays.

DO START SAVING NOW!!! Open a separate account at least 60 days prior to applying for a loan and place your down payment funds in it. You will be asked to show 60 days’ worth of statements on any account you have, the cleaner and clearer you can make your finances look to an underwriter the better the process will go. In addition to whatever down payment you will be making, loan underwriters will be looking to make sure that you have at least 2 months of payments in reserves.

DO STAY

CURRENT ON EXISTING ACCOUNTS

. Late payments on your existing mortgage, car payment, or anything else that can be reported to a CRA (Credit Reporting Agency) can cost you dearly. One 30‐day late payment can lower your credit score by 30‐75 points. Make your mortgage payments on time and if you are refinancing call us before you make any payments that are scheduled within two weeks of closing. Make sure to keep making payments on accounts even if they are in dispute, you don’t want any negative items showing on your credit report.

DO CONTINUE TO USE YOUR CREDIT AS YOU NORMALLY WOULD. Red flags are easily raised within the scoring system. If it appears you are diverting from your normal spending patterns, it could cause your score to go down. For example, if you’ve had a monthly service for Internet access billed to the same credit card for the past three years, there’s really no reason to drop it now. Again, make your changes after the loan closes.

DO CALL YOUR LOAN CONSULTANT If you have any questions before and during the loan process about any credit issues, changes, down payments, we here to help and are just a phone call away.

Compliments of Lynne Billac, Chase Private Client Senior Home Lending Advisor 970-948-2453 lynne.billac@chase.com

Snowmass Village

New Listings 3 4 + 33.3% 65 53 - 18.5% Sold Listings 5 0 - 100.0% 73 33 - 54.8%

Median Sales Price* $5,700,000 $0 - 100.0%$5,200,000 $6,272,500 + 20.6% Average Sales Price* $5,285,000 $0 - 100.0%$5,437,514 $7,265,287 + 33.6%

Percent of List Price Received* 96.2% 0.0% - 100.0%96.5% 95.6% - 0.9% Days on Market Until Sale 59 0 - 100.0% 140 110 - 21.4% Inventory of Homes for Sale 11 18 + 63.6% Months Supply of Inventory 1.8 5.5 + 205.6% -* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size. Key Metrics

New Listings 7 55 + 685.7% 266 219 - 17.7% Sold Listings 14 6 - 57.1% 243 118 - 51.4%

Median Sales Price* $1,307,000 $1,600,000 + 22.4%$965,000 $1,485,000 + 53.9% Average Sales Price* $1,840,500 $2,433,333 + 32.2%$1,438,090 $2,036,726 + 41.6%

Percent of List Price Received* 98.7% 93.2% - 5.6% 97.9% 97.2% - 0.7% Days on Market Until Sale 35 134 + 282.9% 90 46 - 48.9% Inventory of Homes for Sale 19 88 + 363.2% -Months Supply of Inventory 0.9 8.9 + 888.9% * Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price –Single Family Rolling 12-Month Calculation

$6,000,000

$5,000,000

$4,000,000

$3,000,000

$2,000,000

$1,000,000

$7,000,000 1-20171-20181-20191-20201-20211-2022

Median Sales Price –Townhouse-Condo Rolling 12-Month Calculation

$1,400,000

$1,200,000

$1,000,000

$800,000

$600,000

Snowmass Village — Entire MLS — Entire MLS — Snowmass Village — $0

$400,000

$200,000

Townhouse/Condo Current as of January 5, 2023. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2023 ShowingTime.

$1,600,000 1-20171-20181-20191-20201-20211-2022

New Listings 1 5 + 400.0% 28 27 - 3.6% Sold Listings 3 0 - 100.0% 25 21 - 16.0%

Median Sales Price* $3,250,000 $0 - 100.0%$1,775,000 $2,800,000 + 57.7%

Average Sales Price* $3,050,000 $0 - 100.0%$3,213,370 $6,081,483 + 89.3%

Percent of List Price Received* 91.0% 0.0% - 100.0%95.4% 95.2% - 0.2% Days on Market Until Sale 279 0 - 100.0% 109 77 - 29.4% Inventory of Homes for Sale 6 8 + 33.3% Months Supply of Inventory 2.9 3.8 + 31.0% * Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

New Listings 0 0 3 1 - 66.7%

Sold Listings 1 0 - 100.0% 4 2 - 50.0%

Median Sales Price* $600,000 $0 - 100.0%$522,500 $526,725 + 0.8% Average Sales Price* $600,000 $0 - 100.0%$906,250 $526,725 - 41.9%

Percent of List Price Received* 92.3% 0.0% - 100.0%96.3% 99.7% + 3.5% Days on Market Until Sale 108 0 - 100.0% 82 149 + 81.7% Inventory of Homes for Sale 0 0 Months Supply of Inventory 0.0 0.0

New Listings 3 2 - 33.3% 74 70 - 5.4% Sold Listings 9 1 - 88.9% 76 34 - 55.3%

Median Sales Price* $1,450,000 $2,000,000 + 37.9%$1,472,500 $1,662,500 + 12.9%

Average Sales Price* $1,830,556 $2,000,000 + 9.3%$2,049,479 $2,055,647 + 0.3%

Percent of List Price Received* 94.4% 95.3% + 1.0% 95.9% 96.5% + 0.6% Days on Market Until Sale 107 46 - 57.0% 110 53 - 51.8% Inventory of Homes for Sale 15 14 - 6.7% Months Supply of Inventory 2.4 4.9 + 104.2% * Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size. Key Metrics

Townhouse/Condo

New Listings 21 2 - 90.5% 123 99 - 19.5% Sold Listings 3 1 - 66.7% 85 78 - 8.2%

Median Sales Price* $585,000 $855,000 + 46.2%$714,000 $942,500 + 32.0% Average Sales Price* $596,667 $855,000 + 43.3%$820,796 $1,160,089 + 41.3%

Percent of List Price Received* 97.9% 95.5% - 2.5% 99.6% 100.3% + 0.7% Days on Market Until Sale 50 28 - 44.0% 44 32 - 27.3% Inventory of Homes for Sale 30 26 - 13.3% Months Supply of Inventory 4.2 4.0 - 4.8% --

Median Sales Price –Single Family Rolling 12-Month Calculation

Median Sales Price –Townhouse-Condo Rolling 12-Month Calculation

$900,000

$800,000

$700,000

$600,000

$500,000

$400,000

$300,000

$1,000,000 1-20171-20181-20191-20201-20211-2022

Key Metrics 20212022 Percent Change from Previous Year Thru 12-2021Thru 12-2022 Percent Change from Previous Year

New Listings 7 10 + 42.9% 200 190 - 5.0% Sold Listings 14 7 - 50.0% 181 122 - 32.6%

Median Sales Price* $1,573,750 $960,000 - 39.0%$1,425,000 $1,552,500 + 8.9% Average Sales Price* $1,889,148 $1,154,357 - 38.9%$1,546,287 $1,826,720 + 18.1%

Percent of List Price Received* 97.6% 96.1% - 1.5% 98.0% 97.5% - 0.5% Days on Market Until Sale 87 50 - 42.5% 57 73 + 28.1% Inventory of Homes for Sale 42 48 + 14.3% Months Supply of Inventory 2.8 4.7 + 67.9%

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Key Metrics

20212022

New Listings 0 0 84 71 - 15.5%

Sold Listings 9 4 - 55.6% 105 64 - 39.0%

Median Sales Price* $1,086,818 $951,600 - 12.4%$650,000 $870,500 + 33.9% Average Sales Price* $1,119,499 $1,089,550 - 2.7%$742,550 $998,176 + 34.4%

Percent of List Price Received* 99.6% 91.7% - 7.9%100.0% 99.0% - 1.0% Days on Market Until Sale 15 83 + 453.3% 52 49 - 5.8% Inventory of Homes for Sale 4 13 + 225.0% -Months Supply of Inventory 0.5 2.4 + 380.0%

Percent Change from Previous Year Thru 12-2021Thru 12-2022 Percent Change from Previous Year

Top 3 things to watch this year ...

1. Consumers — The personal savings rate in America is at its lowest since 2005, and around one-quarter of what it was leading up to the pandemic. Consumer confidence is similar to the depths of the ‘08 financial crisis, but the labor market and consumer spending have remained strong through 2022. Will the recession narrative be a self-fulfilling prophecy? Or are consumers so driven by “animal spirits” after being stuck at home that the Fed is able to achieve a soft landing?

2. Home Prices — Home prices are expected to continue declining, but with inventory levels remaining scarce, prices could hold higher ground than some think — still, certain markets will drop more than others. The incentive to move to find “more house” has completely flipped, and now many homeowners will be reluctant to sell unless they have good reason to.

3. Interest Rates — The Fed probably isn’t done raising rates, even though some pundits believe they are too slow and looking at lagging data. Those same pundits are expecting the Fed to course correct and cut rates in the second half of the year to stimulate the economy again. Either way, mortgage rates have room to decrease even without the Fed cutting base rates as the gap between treasury bonds and mortgage bonds remains wide due to the quick increases in interest rates, the Fed stopping its mortgage-backed securities buying program, and general market volatility. Compliments of Kolton Morrison,

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Take steps to improve your credit

You can often qualify for a better loan or lower your interest rate by improving your credit score. Even small improvements can help your mortgage application.

Take these steps:

• Review your three credit reports and work to amend any errors or inaccuracies you notice. Get them free here: AnnualCreditReport.com

• Pay your bills on time every month, in full if possible but at least pay the minimum balance due

• Strive for a lower credit utilization ratio. That means keeping your collective outstanding balances on credit cards and revolving accounts to 30% or less of your total credit limit

• Don’t close any old/existing credit accounts, and avoid applying for any new credit

• Importantly, if you’re planning to buy a house, try not to open any new credit accounts or take on additional loans (like a car loan). New payments will increase your debt load and decrease the amount of house you can qualify for. Not to mention, opening new lines of credit can hurt your FICO scores.

Single Family

December Year to Date

New Listings 0 0 23 11 - 52.2% Sold Listings 1 1 0.0% 24 9 - 62.5%

Median Sales Price* $1,575,000 $6,000,000 + 281.0%$774,500 $965,000 + 24.6% Average Sales Price* $1,575,000 $6,000,000 + 281.0%$926,906 $2,724,222 + 193.9%

Townhouse/Condo

December

Year to Date

Percent of List Price Received* 93.8% 85.8% - 8.5% 94.6% 94.7% + 0.1% Days on Market Until Sale 231 125 - 45.9% 45 146 + 224.4% Inventory of Homes for Sale 4 1 - 75.0% Months Supply of Inventory 1.7 0.6 - 64.7% * Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size. Key Metrics

New Listings 0 1 2 4 + 100.0%

Sold Listings 0 0 2 1 - 50.0%

Median Sales Price* $0 $0 $242,500 $215,000 - 11.3% Average Sales Price* $0 $0 $242,500 $215,000 - 11.3%

Percent of List Price Received* 0.0% 0.0% 100.2% 104.9% + 4.7% Days on Market Until Sale 0 0 6 3 - 50.0% Inventory of Homes for Sale 0 1 Months Supply of Inventory 0.0 1.0 -* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price –Townhouse-Condo Rolling 12-Month Calculation

Glenwood Springs

New Listings 6 6 0.0% 233 203 - 12.9% Sold Listings 13 8 - 38.5% 222 161 - 27.5%

Median Sales Price* $950,000 $1,012,500 + 6.6%$770,000 $870,000 + 13.0% Average Sales Price* $888,507 $1,225,542 + 37.9%$840,357 $981,817 + 16.8%

Percent of List Price Received* 98.2% 93.8% - 4.5% 99.2% 97.9% - 1.3% Days on Market Until Sale 50 63 + 26.0% 37 50 + 35.1% Inventory of Homes for Sale 30 31 + 3.3% Months Supply of Inventory 1.6 2.3 + 43.8% * Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size. Key Metrics

Townhouse/Condo

New Listings 6 5 - 16.7% 102 85 - 16.7%

Sold Listings 14 1 - 92.9% 96 85 - 11.5%

Median Sales Price* $445,500 $458,000 + 2.8%$398,675 $530,000 + 32.9% Average Sales Price* $448,036 $458,000 + 2.2%$402,459 $531,225 + 32.0%

Percent of List Price Received* 99.9% 100.0% + 0.1%100.1% 98.8% - 1.3%

Days on Market Until Sale 121 8 - 93.4% 38 56 + 47.4% Inventory of Homes for Sale 12 11 - 8.3% Months Supply of Inventory 1.5 1.4 - 6.7% -* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price –Single Family Rolling 12-Month Calculation

Median Sales Price –Townhouse-Condo Rolling 12-Month Calculation

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$800,000 1-20171-20181-20191-20201-20211-2022

CREDIT DON’TS FROM CHASE

DON’T APPLY

FOR NEW

CREDIT OF ANY KIND. If you receive invitations to apply for new lines of credit, don’t respond. If you do, that company will pull your credit report and this will have an adverse effect on your credit score. Likewise, don’t establish or increase lines of credit for furniture, appliances, computers, cars, etc. Expect that you will have to explain in writing any inquiries that appear on your credit report within 90 days of your mortgage application date.

DON’T MAX OUT EXISTING CREDIT

CARDS. Running up your credit cards is the fastest way to bring your score down and it could drop up to 100 points overnight. Try to keep your credit cards balances below 30% of the available limit, this will have the most positive effect on increasing your credit score.

DON’T CONSOLIDATE DEBT TO ONE OR TWO CARDS. Once again, we don’t want you to change your ratio of debt to available credit. Likewise, you want to keep active beneficial credit history on your record.

DON’T CLOSE CREDIT CARD ACCOUNTS. If you close a credit card account, it can affect your ratio of debt to available credit which has a 30% impact on your credit score. If you really want to close an account, do it after you close your mortgage loan.

DON’T RAISE RED FLAGS TO THE UNDERWRITER. Don’t co‐sign on another person’s loan, or change your name and address. The less activity that occurs while your loan is in process the better it is for you and the less you have to explain.

DON’T MAKE ANY ADJUSTMENTS OR TRANSFERS IN YOUR ASSET PICTURE. Don’t transfer large amounts of funds or make substantial changes to your asset picture without making sure that you have the ability to show a paper trail of exactly what is happening. Any deposit amounts over $500 that are other than your normal deposits will be questioned by an underwriter unless the deposit is a documented gift. Ask your lender about the appropriate way to document gifts.

DON’T MAKE CHANGES WITH YOUR EMPLOYMENT OR INCOME. Employment stability is a big factor in the underwriting loan process. Quitting or changing jobs can greatly endanger your entire loan approval; remember underwriters are looking for stability.

PLEASE INFORM US IMMEDIATELY OF ANY CHANGES TO YOUR JOB OR INCOME.

Compliments of Lynne Billac, Chase Private Client Senior Home Lending Advisor 970-948-2453 lynne.billac@chase.com

New Listings 2 3 + 50.0% 111 92 - 17.1% Sold Listings 11 2 - 81.8% 107 85 - 20.6%

Median Sales Price*

$585,000 $505,000 - 13.7%$555,000 $655,000 + 18.0%

Average Sales Price* $589,636 $505,000 - 14.4%$586,321 $658,484 + 12.3%

Percent of List Price Received* 99.2% 84.3% - 15.0%99.0% 98.4% - 0.6%

Days on Market Until Sale 43 55 + 27.9% 38 33 - 13.2% Inventory of Homes for Sale 8 15 + 87.5% -Months Supply of Inventory 0.9 2.1 + 133.3%

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

New Listings 9 0 - 100.0% 70 53 - 24.3% Sold Listings 4 0 - 100.0% 64 51 - 20.3%

Median Sales Price* $361,500 $0 - 100.0%$348,000 $359,000 + 3.2% Average Sales Price* $371,616 $0 - 100.0%$349,087 $398,884 + 14.3%

Percent of List Price Received* 99.1% 0.0% - 100.0%100.3% 100.7% + 0.4%

Days on Market Until Sale 28 0 - 100.0% 17 13 - 23.5% Inventory of Homes for Sale 13 8 - 38.5% Months Supply of Inventory 2.4 1.6 - 33.3% * Does not account for seller concessions and/or down payment assistance. | Activity for

New Listings 1 2 + 100.0% 120 91 - 24.2% Sold Listings 12 5 - 58.3% 101 77 - 23.8%

Median Sales Price* $493,250 $610,000 + 23.7%$487,500 $545,000 + 11.8%

Average Sales Price* $587,542 $623,450 + 6.1%$514,580 $559,974 + 8.8%

Percent of List Price Received* 98.3% 94.9% - 3.5% 98.8% 98.3% - 0.5%

Days on Market Until Sale 39 156 + 300.0% 42 49 + 16.7% Inventory of Homes for Sale 16 13 - 18.8% -Months Supply of Inventory 1.9 2.0 + 5.3%

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

New Listings

2 0 - 100.0% 12 13 + 8.3%

Sold Listings 1 0 - 100.0% 11 11 0.0%

Median Sales Price* $310,000 $0 - 100.0%$317,000 $385,000 + 21.5% Average Sales Price* $310,000 $0 - 100.0%$331,909 $354,091 + 6.7%

Percent of List Price Received* 100.0% 0.0% - 100.0%100.4% 98.8% - 1.6%

Days on Market Until Sale 1 0 - 100.0% 22 24 + 9.1% Inventory of Homes for Sale 1 0 - 100.0% Months Supply of Inventory 0.5 0.0 - 100.0% * Does not account for seller concessions and/or down payment assistance. | Activity for

New Listings 11 8 - 27.3% 250 164 - 34.4% Sold Listings 23 14 - 39.1% 220 155 - 29.5%

Median Sales Price* $399,000 $434,500 + 8.9%$396,500 $445,000 + 12.2% Average Sales Price* $457,529 $430,393 - 5.9%$419,924 $481,363 + 14.6%

Percent of List Price Received* 98.0% 97.6% - 0.4% 99.0% 98.6% - 0.4% Days on Market Until Sale 53 80 + 50.9% 41 38 - 7.3% Inventory of Homes for Sale 26 18 - 30.8% Months Supply of Inventory 1.4 1.4 0.0% * Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size. Key

New Listings 3 1 - 66.7% 72 36 - 50.0%

Sold Listings 10 1 - 90.0% 86 37 - 57.0%

Median Sales Price* $323,750 $385,000 + 18.9%$268,500 $302,500 + 12.7% Average Sales Price* $322,915 $385,000 + 19.2%$266,803 $280,959 + 5.3%

Percent of List Price Received* 100.0% 101.3% + 1.3%100.4% 99.8% - 0.6% Days on Market Until Sale 149 92 - 38.3% 59 51 - 13.6% Inventory of Homes for Sale 3 1 - 66.7% Months Supply of Inventory 0.4 0.3 - 25.0% -* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.