ABSORPTION RATE Absorption Rate is the number of months it takes to sell the current inventory at the present rate of sales. 6 months supply is a balanced market. Less than 6 months supply is a Sellers market. More than 6 months supply is a Buyers market. Still a Buyers Market – HALF MOON BAY [...]
Posts Tagged ‘Real Estate News’
Monday Morning Market Update July 13, 2009
Sellers Market with few Homes for Sale – PACIFICA, CALIFORNIA, San Mateo County Statistic remain consistent another week With the current number of Active Listings divided by the average number of homes sold YTD, there is a little more than 1 month of inventory of Active listings. Active Listings-45 Single Family Homes. 12 listed at [...]
Monday Morning Market Update June 15, 2009
Sellers Market with few Homes for Sale – PACIFICA, CALIFORNIA With the current number of Active Listings divided by the average number of homes sold YTD, there is a little more than 1 month of inventory of Active listings. Not much competition for new sellers, especially in the the under $700,000 price range Active Listings-44 [...]
Monday Morning Market Update-April 27, 2009
PACIFICA, CALIFORNIA Active Listings-64 Single Family Homes 8 New Listings this week. Pending Sales-48 Single Family Homes non with a list price of higher than $817,000. 8 Properties went Sale Pending this week which matched the number of new listings. 54 Closed Sales since January 1, 2009 5 Homes Closed this week. These 54 homes [...]
Buyers were out looking this weekend.
Our open house on our new listing at 380 5th Street in Montara was jamming. We held it open both Saturday and Sunday. Saturday had non-stop traffic. Sunday was a bit more mild yet still busy. Maybe all the sports events were earlier or later today. Maybe it’s that we have election results and there [...]
