10/10/2008 Residential Absorption Report
This report shows is how many months of supply we have in each price range. For example, currently there are 30 homes active for sale in the $215,000 to $225,000 price range. In the last 12 months, 60 homes were also sold in that same price range. We then can calculate how many months it would take to sell all 30 homes currently active for sale if not one more home came on the market for sale. We have a 6 month supply of homes in the $215,000 to $225,000 price range.
There are several price ranges where we have a very normal market. A normal market is where the number of months of supply of homes for sale in a particular price range is less than 6 months.
|
|
Active |
Sold |
DOM of Solds |
Months |
|
150-175 |
50 |
152 |
|
3.9 |
|
175-185 |
23 |
61 |
|
4.5 |
|
185-195 |
18 |
90 |
|
2.4 |
|
195-205 |
23 |
87 |
|
3.2 |
|
205-215 |
22 |
65 |
|
4.1 |
|
215-225 |
30 |
60 |
|
6 |
|
225-235 |
15 |
45 |
|
4 |
|
235-245 |
18 |
39 |
|
5.5 |
|
245-255 |
35 |
45 |
|
9.3 |
|
255-265 |
15 |
32 |
|
5.6 |
|
265-275 |
20 |
40 |
|
6.1 |
|
275-285 |
18 |
36 |
|
6 |
|
285-295 |
25 |
27 |
|
11.1 |
|
295-305 |
16 |
20 |
|
9.4 |
|
305-315 |
6 |
12 |
|
6 |
|
315-325 |
13 |
11 |
|
14.1 |
|
325-335 |
13 |
10 |
|
15.7 |
|
335-345 |
8 |
12 |
|
8 |
|
345-355 |
12 |
11 |
|
13 |
|
355-365 |
3 |
8 |
|
4.3 |
|
365-375 |
9 |
8 |
|
13.4 |
|
375-385 |
4 |
6 |
|
8 |
|
385-395 |
7 |
6 |
|
14 |
|
395-405 |
6 |
4 |
|
18.2 |
|
405-415 |
0 |
3 |
|
- |
|
415-425 |
8 |
6 |
|
16 |
|
425-435 |
2 |
2 |
|
11.8 |
|
435-445 |
6 |
2 |
|
35.3 |
|
445-475 |
13 |
8 |
|
19.4 |
|
475-500 |
13 |
6 |
|
26 |
|
500-550 |
7 |
6 |
|
14 |
|
550-600 |
7 |
12 |
|
7 |
|
600-700 |
13 |
5 |
|
31 |
|
700-800 |
5 |
2 |
|
29.4 |
|
800-900 |
9 |
* |
|
* |
|
900- up |
13 |
3 |
|
52 |
* Pendings – no sold. He would like to sign on Tuesday the 14th at 3:00pm.