Real estate blog entries tagged with absorption by Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate (Keller Williams Arizona Realty )

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Home : Blogs : Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate : Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate's Blog : Tag "absorption"

absorption: May Tempe Real Estate Market Update - 05/12/09 02:52 PM

Home sales continue to climb as more and more foreclosures are snatched up by investors. Foreclosure inventory in the last month has dropped from 10,200 to 6,700 – pending home sales are at 8,183, and 5,508 homes were sold in the last 30 days. Investors are buying foreclosures at a faster rate than they are hitting the market.

The percentage of foreclosed homes in Tempe is lower than the rest of the valley (8 percent versus 35 percent), which means Tempe’s absorption rate continues to hover at a 10 or 11 month absorption rate. The absorption rate is the ratio … (0 comments)

absorption: The Real Estate Market Continues to Recover - August 2008 - 08/16/08 03:07 AM

By The Numbers
Inventory (supply) down: For the fifth straight month, total inventory has dropped. We are still in the 50,000s and although this is still high, the trend is down.
Sales (demand) up: Closed sales for June are above 6,000 and are double what they were per month during the slump in 2007.
Forecast: Pending sales for August are still around 7,000, so it is safe to conclude that the downward trend will continue.
The absorption rate (time to clear out the current inventory) has dropped to 9 months from over 20 months in 2007.
The last time we saw … (0 comments)

absorption: The Real Estate Market Continues to Recover - 07/18/08 02:55 PM

By The Numbers
Inventory (supply) down: For the fourth straight month, the total inventory has dropped. We are still in the 50,000's which is high but the trend is down.
Sales (demand) up: Closed sales for June are close to 6000 and double what they were per month during the slump in 2007.
Forecast: pending sales for July are above 7000, so it is safe to conclude that the trend will continue.
The inventory at the current absorption rate (time to clear out the current inventory) has dropped to 9 months from over 20 months in 2007. The last time we … (0 comments)

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Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate

Tempe, AZ

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