Statistics are boring sometimes, but they can give you a lot of useful information. I did stay awake in stats class in college!
One of the most important statistics when considering selling your home in Springfield is the current absorption rate. This is calculated in either months or weeks and tells how quickly homes on the market are selling. Keep in mind the absorption rate can vary by price range, sq. footage of your home, even by neighborhood.
Typically more than 26 weeks inventory of homes indicates a buyer's market. Less than 26 weeks inventory indicates a seller's market. Somewhere in the middle is a balanced market.
The absorption rate can give you an idea of how long it should take your home to sell if priced and marketed correctly. Of course there are exceptions but its a good starting point. Here is an example graph of the absorption rate for Springfield.
If you would like for us to figure the absorption rate for your neighborhood in Springfield, Ozark, Nixa, or surrounding communities just give us a call. We're here to help.
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