Here is the Clarksburg Area supply and demand chart for March 2010. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
March 2010 was another huge improvement over the past 2 years! The absorption rate is through the roof compared to 2009. The inventory is low and the demand has been steady. Homes are selling IF they are priced right, show well, and are presented correctly to the marketplace.
Our office is at 23214 Brewers Tavern and we have seen a lot of buyers and sellers walk in our doors looking for help and finding it. The housing stimulus credit of $8000 has been extended into the spring 0f 2010 and the government add a $6500 credit for buyers who own a home. Things have really picked up in Clarksburg. We have seen a major spike in new home sales which in turn has helped the existing home sales as well. We have also added several CDPEs. These are Certified Distressed Property Experts. These are great agents who have added a higher level of training to be able to navigate short sales and foreclosures for their clients.
Absorption Rates:
March 2010 21.3% absorption rate
March 2009 11.6% absorption rate
March 2008 7.0% absorption
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