May 2012 Absorption Rate

May 2012. Single Family Home

Price Ranges # of Current Active Listings # of Sold Listings in the previous 30 days # of Months Inventory
$100,000 - $124,999 7 9 0.78
$125,000 - $149,999 11 15 0.73
$150,000 - $174,999 26 19 1.37
$175,000 - $199,999 40 32 1.25
$200,000 - $224,999 32 36 0.89
$225,000 - $249,999 50 28 1.79
$250,000 - $274,999 32 39 0.82
$275,000 - $299,999 39 20 1.95
$300,000 - $324,999 13 12 1.08
$325,000 - $349,999 29 14 2.07
$350,000 - $374,999 13 4 3.25
$375,000 - $399,999 16 18 0.89
$400,000 - $424,999 9 5 1.80
$425,000 - $449,999 6 3 2.00
$450,000 - $474,999 5 3 1.67
$475,000 - $499,999 11 1 11.00
Total 339 258 1.31
       
Rule of thumb:      
# of Months of Inventory is less then 5 months of inventory, then it's a Sellers Market
# of Months of Inventory is greater then 6.5month of inventory, then it's a Buyers Market.
Note: Balanced market is where the months of inventory is 5.5 to 6.4 months
Constantine Isslamow

Constantine Isslamow

Broker of Record
CENTURY 21 United Realty Inc., Brokerage*
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