Unsold housing inventory declines to 30 months
6.65 lakh – Unsold units in first quarter (Q1) of 2019
Unsold stock in top cities has declined by 16% in two years. It shows homebuyers are taking advantage of favourable prices and cuts in GST and home loan rates, says an Anarock report
6.65 lakh – Unsold units in first quarter (Q1) of 2019
30 months – Unsold inventory in top 7 cities in Q1, 2019
50 mths – The same two years ago
15 mths each – Current inventory levels at Bengaluru and Hyderabad, at record low
28 mths – Pune’s unsold inventory
30 mths – The same in Chennai
35 mths each – Mumbai Metropolitan Region & Kolkata
Inventory measured in months indicates how many months it will take for the current unsold housing stock on the market to sell
An inventory overhang of 18-24 months is considered fairly healthy