August Absorption Rates are in! How long will it take to Sell Your Home?

How long will it take to Sell??

  Below is the absorption rate charts for Onslow County.  These reveals how long it will take to sell your home in today's market based on the most recent sales (sales year to date).

The top chart represents New Construction homes and the bottom chart represents Existing homes. (This does not include REO's = Foreclosures)

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Definitions:
Absorption Rate: The rate at which homes will sell within a given period of time, or unit
sales per month. (rate determined by January – August 2013 sales figures)
Example: 48 sales in 6 months divided by 6 months = 8 Sales per Month

Number Sold:  Total Number of homes sold in this time period.

Sales Rate per Month:  Number of homes selling each month in the respective price range.  (This is the Absorption Rate.)
Currently Active: The total number of homes for sale within a defined market segment.
(As of September 18, 2013)
Months of Inventory: Based on the number of homes sold and number of homes currently on the market in the respective price range, this is an expected timeline to sell.
REO:  Foreclosures

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For more information on how this impacts your home....

  Contact our Market Expert for a FREE Market Analysis of your home!! 

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