You'll see this term a lot if you follow real estate news. It's actually one of the simplest, most useful numbers for a first-time buyer to understand.
The simple definition: How many months it would take to sell all current listings at the current sales pace, if no new homes were listed.
How to read it:
- Under ~3 months — seller's market, more competition.
- ~4–6 months — balanced market.
- 6+ months — buyer's market, more negotiating room.
Where we sit right now: Ontario's inventory has been easing but still sits above a strict seller's market range — a genuinely useful signal for how much leverage you have.
Bottom line: This one number tells you more about your real negotiating power than almost any headline you'll read.
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