| John R. Hastings Associate Broker Licensed in Arizona |
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| Supply & Demand |
| “Months of Supply” in the chart below illustrates the relative size of the current standing inventory, compared to the rate at which property has been sold over the past 6 months. For example, if 2 units per month are being sold and 16 units are available that means we have an 8 month supply on hand. Generally a 6-8 month supply indicates a balanced market. Less than a 6 month supply indicates a “Sellers” market and greater than an 8 month supply indicates a “Buyers” market. |