Daily MLS (Economics 101)

I’ve been tracking the MLS stats for Indian River County Florida for two weeks to watch the supply and demand. Each day at the same time I check the MLS for Residential current listings, under contract/pending, and sold for the year. I use those numbers to give me the daily absorption rate and the days left for supply.

This morning we have 622 listing, 1,238 under contract/pending, and 1,522 sold for the year resulting in an daily absorption rate of 16. That gives us 38 days of inventory.

It’s getting harder and harder to find buyers property.

Chart: https://docs.google.com/spreadsheets/d/e/2PACX-1vS8FiByc8pS9Wl6taRUqD7sG8cGhcQIEZN1NnzBIcRj5DK3QnqUKhLAQ9x_2n6xZ25uMEtMRX3Tpbgh/pubchart?oid=329629950&format=interactive

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