The absorption rate for high rose resale condos has jumped from 29 months in August to a whopping 108 months of inventory in September.

Stats for High Rise Condos were pulled from the GLVAR MLS.  Information deemed reliable but not guaranteed. 

For August Numbers:

• Listings 8/27/2007:  759
• Under Contract 8/27/2007:  67
• Closed Between 7/15-8/15/2007:  26 
• Months Inventory:  approx 29 

For September Numbers:

• Listings 10/12/2007:  865
• Under Contract 10/12/2007:  70
• Closed Between 8/16-9/16/2007:  8 
• Months Inventory:  approx 108

I know I kept wondering if I had my values wrong when I was pulling these stats also!