The Total Inventory of Properties available for sale as of March was 85, up 18.1% from 72 last month and down -14.1% from 99 in March of last year. March 2018 Inventory was at the lowest level compared to March of 2017 and 2016.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2018 MSI of 1.8 months was at its lowest level compared with March of 2017 and 2016.
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