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… is the number of sales that occur in any given month divided by the number of properties for sale at the end of that month. A 15-20% absorption rate denotes an average market; anything less, a poor market. With a 20% absorption rate, there would be approximately 5 months of inventory available.
How’s the market? 6% 1,374 1,151 Condo/TH Closings -21% 99 125 Condo/TH DOM -21% 92 117 Single Family DOM Condo/TH Avg. Sales Price Single Family Closings Single Family Avg. Sales Price CMLS $141,383 7,325 $180,886 1 st Qtr 2006 $153,329 7,724 $198,247 1 st Qtr 2007 8% 5% 9% Variance
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Sales Associate Survey: Operations Review
Thought for the day…a moment of silence in honor of those slain in the tragedy that occurred at Virginia Tech on Monday
In our end is our beginning; in our time, infinity; In our doubt there is believing, in our life, eternity, In our death, a resurrection; at the last, a victory, Unrevealed until its season, something God alone can see. Methodist hymn