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Title:               Housing Inventory: Pending Ratio in Wayne County, MI
Series ID:           PENRAT26163
Source:              Realtor.com
Release:             Housing Inventory Core Metrics
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Monthly
Units:               Ratio
Date Range:          2016-07-01 to 2024-04-01
Last Updated:        2024-05-02 5:01 PM CDT
Notes:               The share of pending listing to active listings in a given market
                     during the specified month.
                     
                     With the release of its September 2022 housing trends report,
                     Realtor.com® incorporated a new and improved methodology for
                     capturing and reporting housing inventory trends and metrics. The new
                     methodology updates and improves the calculation of time on market and
                     improves handling of duplicate listings. Most areas across the country
                     will see minor changes with a smaller handful of areas seeing larger
                     updates. As a result of these changes, the data released since October
                     2022 will not be directly comparable with previous data releases
                     (files downloaded before October 2022) and Realtor.com® economics
                     blog posts. However, future data releases, including historical data,
                     will consistently apply the new methodology. More details are
                     available at the source's Real Estate Data Library
                     (https://www.realtor.com/research/data/).
                     
                     With the release of its November 2021 housing trends report,
                     Realtor.com® incorporated a new and improved methodology for
                     capturing and reporting housing inventory trends and metrics. The new
                     methodology uses the latest and most accurate data mapping of listing
                     statuses to yield a cleaner and more consistent measurement of active
                     listings at both the national and local level. The methodology has
                     also been adjusted to better account for missing data in some fields
                     including square footage. Most areas across the country will see minor
                     changes with a smaller handful of areas seeing larger updates. As a
                     result of these changes, the data released since December 2021 will
                     not be directly comparable with previous data releases (files
                     downloaded before December 2021) and Realtor.com® economics blog
                     posts. However, future data releases, including historical data, will
                     consistently apply the new methodology. More details are available at
                     the source's Real Estate Data Library
                     (https://www.realtor.com/research/data/).

DATE         VALUE
2016-07-01  0.0209
2016-08-01  0.0208
2016-09-01  0.0179
2016-10-01  0.0174
2016-11-01  0.0145
2016-12-01  0.0146
2017-01-01  0.0127
2017-02-01  0.0144
2017-03-01  0.0144
2017-04-01  0.0174
2017-05-01  0.0221
2017-06-01  0.0211
2017-07-01  0.0233
2017-08-01  0.0243
2017-09-01  0.0198
2017-10-01  0.0164
2017-11-01  0.0188
2017-12-01  0.0182
2018-01-01  0.0127
2018-02-01  0.0178
2018-03-01  0.0216
2018-04-01  0.0226
2018-05-01  0.0256
2018-06-01  0.0245
2018-07-01  0.0239
2018-08-01  0.0195
2018-09-01  0.0559
2018-10-01  0.0518
2018-11-01  0.0480
2018-12-01  0.0438
2019-01-01  0.0447
2019-02-01  0.0507
2019-03-01  0.0553
2019-04-01  0.0656
2019-05-01  0.0701
2019-06-01  0.0610
2019-07-01  0.0543
2019-08-01  0.0502
2019-09-01  0.0461
2019-10-01  0.0430
2019-11-01  0.0390
2019-12-01  0.0342
2020-01-01  0.0360
2020-02-01  0.0424
2020-03-01  0.0720
2020-04-01  0.0677
2020-05-01  0.0890
2020-06-01  0.1636
2020-07-01  0.1815
2020-08-01  0.2049
2020-09-01  0.2042
2020-10-01  0.2242
2020-11-01  0.2064
2020-12-01  0.1885
2021-01-01  0.1913
2021-02-01  0.2210
2021-03-01  0.2245
2021-04-01  0.2468
2021-05-01  0.2477
2021-06-01  0.2261
2021-07-01  0.2087
2021-08-01  0.1907
2021-09-01  0.1924
2021-10-01  0.1769
2021-11-01  0.1901
2021-12-01  0.1714
2022-01-01  0.1690
2022-02-01  0.1809
2022-03-01  0.1993
2022-04-01  0.2100
2022-05-01  0.1900
2022-06-01  0.1599
2022-07-01  0.1363
2022-08-01  0.1253
2022-09-01  0.1173
2022-10-01  0.1023
2022-11-01  0.0964
2022-12-01  0.0833
2023-01-01  0.0978
2023-02-01  0.1141
2023-03-01  0.1363
2023-04-01  0.1458
2023-05-01  0.1563
2023-06-01  0.1538
2023-07-01  0.1389
2023-08-01  0.8106
2023-09-01  0.7600
2023-10-01  0.6941
2023-11-01  0.6336
2023-12-01  0.6325
2024-01-01  0.5774
2024-02-01  0.6261
2024-03-01  0.6966
2024-04-01  0.7577