February 2016 Absorption Rate

MLS® Market Information Single Family Home, City of Peterborough

Month/Year: Feb-16  
Area: PKAR  
Avg. Sale Price Feb. 2016: $277,464  
Avg. Sales Price Feb. 2015: $266,315  
     
# of Sold Listings 2016 February 103
  2015 February 91
     
Average days on market: 39  

.

Price Ranges # of Current Active Listings # of Sold Listings in the previous 30 days # of Months Inventory
$100,000 - $124,999 1 0 1.00
$125,000 - $149,999 6 2 3.00
$150,000 - $174,999 11 3 3.67
$175,000 - $199,999 14 13 1.08
$200,000 - $224,999 9 13 0.69
$225,000 - $249,999 14 14 1.00
$250,000 - $274,999 10 17 0.59
$275,000 - $299,999 11 8 1.38
$300,000 - $324,999 11 6 1.83
$325,000 - $349,999 15 7 2.14
$350,000 - $374,999 6 4 1.50
$375,000 - $399,999 12 8 1.50
$400,000 - $424,999 5 2 2.50
$425,000 - $449,999 8 1 8.00
$450,000 - $474,999 2 0 2.00
$475,000 - $499,999 2 1 2.00
Total 137 99 1.38

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 

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Constantine Isslamow

Real Estate Broker

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Thank you for reading my blog post! This post was researched, authored and photo taken by Constantine Isslamow, © 2016, all rights reserved. All information is deemed reliable however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author.

Source: Peterborough and The Kawarthas Association of REALTORS® Inc. MLS® Resale Data. Information deemed reliable, but is not guaranteed.

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