What were the chances of selling an Eastside home in January 2007?
Everyone wants to know what is happening with the market and if homes are selling. I will give you a market report each month that will answer this all important question.
How do I get this information? I look at the statistics form the Multiple Listing Service each month which you can find in the link. I analyze the supply and demand for each month. If the percent of the homes selling is 45% or below, we are looking at a buyer’s market. If this percentage, which we call the absorption rate, falls between 45-55%, then we have a market balanced between buyers and sellers. A market in which 55% of the available homes sell is a seller’s market. Last year, sellers markets were found in March through June, while the rest of the year was more in the buyer’s camp.
Check out the link for January’s results!
http://debrasinick.com/docs/Stats%20for%20Jan%202007.pdf
http://debrasinick.com/docs/2007_Year_to_Date.pdf
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