Supply of Homes on the Market
November 15, 2009 to February 15, 2010
This report shows how many months supply of houses are on the market. We have taken how many sold during the past three months and divided it by the number of homes currently on the market.
|
Price Range
|
Months Supply
|
Last Months
Supply
|
Supply 3
Months Ago
|
|
$1,000-$100,000
|
5.6 Months
|
3.3 Months
|
2.9 Months
|
|
$100,000-$150,000
|
6.2 Months
|
3.1 Months
|
2.6 Months
|
|
$150,000-$200,000
|
8.7 Months
|
4.6Months
|
4.9 Months
|
|
$200,000-$250,000
|
15.1 Months
|
7.5 Months
|
6.2 Months
|
|
$250,000-$300,000
|
12.2 Months
|
9.2 Months
|
9.3 Months
|
|
$300,000-$350,000
|
17.0 Months
|
12.3 Months
|
7.2 Months
|
|
$350,000-$400,000
|
11.3Months
|
9.0 Months
|
18.0 Months
|
|
$400,000-$450,000
|
20.0 Months
|
22.0 Months
|
13.2 Months
|
|
$450,000-UP
|
24.7 Months
|
18.9 Months
|
28.7 Months
|
Wow!! The absorption rates are incresing in all the price ranges. This would be fairly normal for this time of the year and considering our tough weather during this time frame. Remember this represents closings not the time of the contract being signed. We think we are already seeing pretty major improvements in showings and offers on our listings. We are very optimistic about the next couple months.
Call us at 605-274-7273 to see how today's very low rates and the new tax credit for move up buyers or the extended credit for first time homebuyers can benefit you. Remember for these tax credits you have to have an accepted contract by April 30, 2010.
The HousesByHarlan Team is here to serve you in all your Real Estate needs. Give us a call!!
Harlan Ten Napel
Mark Youngberg