Falling housing inventory

The number of houses that a market has listed for sale is measured by months supply of inventory. That is how many months it would take to sell all of the homes currently for sale if no new homes were listed on the market. A healthy supply or a balanced market is considered to be between 5 to 7 months of inventory. Philadelphia had only 3.6 months of inventory for Q3 2019.

Chart: DOMINIQUE DeMOE / Staff Artist Source: Kevin Gillen, Drexel University’s Lindy Institute for Urban Innovation