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Clark County Real Estate Market
Months Worth of Inventory

	2003	2004	2005	2006	2007	2008
January	5.8	5.2	3.2	5.3	9.7	17
February	6.1	4.7	2.7	4.5	7.8	14.6
March	4.5	2.9	1.8	3.8	7.0	11.9
April	4.4	2.9	1.8	4.8	7.2	12.4
May	3.6	2.7	2.0	4.2	7.1	12.6
June	3.1	2.3	1.7	4.7	6.8	12.6
July	3.3	2.5	2.0	6.1	7.6
August	2.8	2.6	2.1	5.9	7.7
September	2.7	2.6	2.6	6.4	12.0
October	2.8	2.6	3.0	7.2	11.4
November	4.0	2.7	3.7	7.0	11.0
December	3.2	2.5	3.2	7.0	12.7

Comments:
The Clark County Real Estate market peaked in the Summer of 2005, at 1.7 months of inventory.
Since that time, inventory levels increased to a high of 17 months inventory, in January 2008, and
stabilized at 12.6 in May and June of 2008.
Real estate follows cyclical trends, and I strongly believe that we are at the market bottom, and are
entering the beginning of the next apppreciation cycle.

For more information on the underlying trends driving WA real estate, view my blog post.