Real Estate Market Trends - months of inventory

How many home buyers are looking to purchase a home? How fast are the homes selling? Following the stats of months of inventory gives us a good idea where the market is moving. If it take around 3 month to sell all the homes that are on the market (without new listings coming to the market) we are in a balanced market. If the inventory sells out faster we are in a seller's market, if it takes longer than three month we are in a buyer's market. Below are the numbers for Parkwoods-Donalda.