Months of Inventory (MOI) reflects the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.
By zip code, as of June 2011:
85718: 6.3 months
85704: 8.8 months
85741: 4.7 months
85737: 8.8 months
85755: 7.2 months
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I’m sympathetic to your ideas. However, I would like to comment on the issue of corporate tax cuts. One of the reasons that our corporations are moving off shore is because of the high tax rates they have to pay today. If these were lowered, it might be enough incentive for some of them to stay in the USA.
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