Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years

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Compared to the same month a year ago, new listings across the 23 counties in the.. resulting from the addition of new listings and a higher number of unsold inventory.. With available housing inventory remaining low, even with rising interest rates, Mortgage interest rates are rising, hovering around 5% for a 30- year,

Rupee weakness, attractive property prices and new legislation attract. With property prices having hit rock bottom in major cities, developers still coping with unsold. "Over the past two to three years, NRIs' faith has increased in the. 54 months worth of unsold housing inventory, while the figure in the.

Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years With housing inventory remaining at stubbornly low levels, the statewide unsold inventory index dropped from 3.4 months in October 2016 to 3.0 months in October 2017. The index measures the number of months needed to sell the supply of homes on the market at the current sales rate.

ANAROCK’s most recent data reveals that residential inventory in the top 7 cities overhang plunged to 30 months’ worth in Q1 2019 against 50 months in the corresponding period in 2017. Inventory measured in months indicates how many months it will take for the current unsold housing stock on the market to sell.

MMR cleared a mere 4% of its unsold inventory in the same period. In short, NCR has halved its unsold housing inventory overhang – from 90 months in Q1 2017 to 45 months in Q1 2019. The current housing inventory level now stands at 6.65 lakh units across the top 7 cities – nowhere near the lowest level of 4.96 lakh units seen in 2013.

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