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Market Statistics/Trends Supply-Absorption Rate in Windermere

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Tue, Mar 12, 2013 at 1:30AM

Market Statistics/Trends Months Supply-Absorption Rate Windermere

 

Month # of Properties for Sale # of Poperties Months Supply  UC Avg
Year Last day of Month Under Contract of Inventory # of DOM
  Feb-2013     253     88     3     137  
  Jan-2013     280     74     4     124  
  Dec-2012     295     56     5     212  
  Nov-2012     320     55     6     111  
  Oct-2012     334     61     5     100  
  Sep-2012     352     60     6     132  
  Aug-2012     364     58     6     127  
  Jul-2012     376     66     6     162  
  Jun-2012     379     74     5     140  
  May-2012     384     75     5     164  
  Apr-2012     406     70     6     147  
  Mar-2012     396     67     6     158  
  Feb-2012   407 79 5 208

 

Here is a graph showing you the number of properties for sale at the end of each month, the number of home under contract, number of months supply of homes on the market and the Under Contract number of Days on the Market.  As you can see the average months supply of inventory is down 44% from February 2012 to February 2013.  The Absorption rate is down to 2.9 months on hand.  If no new homes came on the market for sale, then the supply of homes on hand would only last 2.0 months.  

Home buyers that were sitting on the sidelines should make a decision to purchase their next home now.  Market inventory is shrinking and therefore the prices will be rising.  Call Wendy Morris your Windermere Realtor from Wendy Morris Realty direct at 407-575-5392 to help you market your home and get it sold.    

Sellers, if you were thinking of selling your home but were waiting for the market to get active, well the time is here.  We need more homes on the market for sale.  Call Wendy Morris your Windermere Realtor from Wendy Morris Realty direct at 407-575-5392 to help you market your home and get it sold.  

 

Months Supply of Inventory or Absorption Rate

Feb-2012 vs Feb-2013: The average months supply of inventory is down -44%
 
Feb-2012 vs Feb-2013
Feb-2012 Feb-2013 Change %
5.2 2.9 -2.3 -44
 

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