While our Absorption Rate continues to get better (for Sellers), our number of homes Under Contract has recently dropped off just a bit. This is mostly attributed to the Holiday/Winter Season. Comparing this to last year, we are 29% ahead. And while that is great news, we still have a large inventory number that needs to be reduced to help stabilize the market. For homes, we dipped down below 30 months for the first time since January 3, 2011 & the second time since February 2, 2010.
Taking a look at the numbers: Comparing our current Absorption numbers to 2008, are sales are tracking slightly ahead at ,while Absorption Rates stay slightly behind. Comparing these numbers to our current high of 47.47 in July of last year, we have made tremendous strides 17.88 months less.
***Attached is a copy of the most recent Market Update (Market Absorption Rate 2011-12-19). If you cannot view the update or you have questions, please don't hesitate to call or email me at anytime.
Marc White
Marketing Specialist, ABR, ePro, GREEN, GRI, zPro
Broker/REALTOR, Cash Realty & Construction
Top Listing Agent 2009, 2010
Cell/Direct 828-406-2134
Search 1,000s of Homes Instantly at www.MarcWhiteHomes.com
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