Homes for sale in Lands End Emerald Isle NC - Absorption Rate Market Report - October 15 2009 helps you to market your home for sale.
The absorption rate is defined as the rate at which properties are able to be sold in a given area for a given time frame assuming no additional homes for sale come on the market. Below you will find a table showing the absorption rate for the past 12 months, 6 months and 3 months for three areas:
- Carterety County, Crystal Coast MLS
- Emerald Isle NC
- Lands End Emerald Isle NC
The market supply in months reflects how many months it would take at the current rate of sales to absorb (sell or close) all the currently listed of homes for sale in given market - assuming no new homes are added to the inventory of homes for sale. Now you and I both know there will be new homes added so that too will affect the rate of absorption.
As for Lands End Emerald Isle NC the absorption rate as of October 15, 2009 shows that
- based on the last 12 months of data it would take 40 months to sell all of the 10 homes for sale currently on the market
- based on the last 6 months of data it would take 30 months to sell all of the 10 homes for sale currently on the market
- based on the last 3 months of data it would take 15 months to sell all of the 10 homes for sale currently on the market
| Lands End Emerald Isle NC - Market Absorption Rate |
October 15, 2009
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| Carteret County, Cystal Coast MLS Residential Homes |
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| Closed Transactions in Past |
12 Months |
6 Months |
3 Months |
| EnterTransactions Closed Here>>> |
1302 |
768 |
393 |
| Average Homes Sold Per Month |
109 |
128 |
131 |
| Current Active on MLS>>> |
2066 |
2066 |
2066 |
| Months Supply on Market |
19 |
16 |
16 |
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| Emerald Isle Single Family Residential Properties |
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| Closed Transactions in Past |
12 Months |
6 Months |
3 Months |
| EnterTransactions Closed Here>>> |
78 |
49 |
25 |
| Average Homes Sold Per Month |
7 |
8 |
8 |
| Current Active on MLS>>> |
134 |
134 |
134 |
| Months Supply on Market |
21 |
16 |
16 |
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| Lands End Single Family Residential Properties |
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| Closed Transactions in Past |
12 Months |
6 Months |
3 Months |
| EnterTransactions Closed Here>>> |
3 |
2 |
2 |
| Average Homes Sold Per Month |
0.25 |
0.33 |
0.67 |
| Current Active on MLS>>> |
10 |
10 |
10 |
| Months Supply on Market |
40 |
30 |
15 |
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In order for a property to position itself to be the next home recently sold in Lands End Emerald Isle NC there are four main things to consider:
- Location - you can't move your home so be aware if there are any positive or negative issues and compensate
- Terms - you may consider offering some help with closing costs or owner financing
- Condition - with inventory high don't offer allowances for the new buyer to do repair and update work - do the work
- Price - don't follow the pricing curve down be ahead of the curve
See my other posts on Lands End Emerald Isle NC
Kathryn Gorham |
Green Key Properties | Emerald Isle North Carolina
2010 President Women's Council of REALTORS® Crystal Coast Chapter
252.646.4656 cell · 252.354.7007 office
Southern Outer Banks NC | Crystal Coast NC | Coastal Carolina
ActiveRain an Online Referral Network
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Lands End Emerald Isle NC - Absorption Rate Market Report - October 15 2009 was fist published on
Emerald Isle Carolina Copyright © 2009 by Kathryn Gorham, All Rights Reserved.
*Lands End Emerald Isle NC - Absorption Rate Market Report - October 15 2009*
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;)
Kathryn --- this post is filled with information -- very well written
Mama Liz