In other words, it helps illustrate how long it would take to sell all the current listed homes for sale, based on the area's current rate of sales activity. (moneysense.ca)
Expected market time at Orange County is now about 2.3 months (theoretical average time it would take to sell all homes now on the market at current rate of sale). (livecoronadelmar.com)
This ratio represents the number of months (or days) it would take to completely sell the homes that are currently listed for sale, based on the area's current rate of sales activity. (moneysense.ca)