2007 Sun Cities Market Report
Sun City | Absorption Rate | |||
Total Listings | 1052 | |||
Under Contract | 580 | |||
Sold | 994 | 12.7 | ||
Sun City West | ||||
Total Listings | 415 | |||
Under Contract | 42 | |||
Sold | 521 | 9.6 | ||
Sun City Grand | ||||
Total Listings | 374 | |||
Under Contract | 30 | |||
Sold | 382 | 11.7 | ||
All Sun Cities | ||||
Total Listings | 1551 | |||
Under Contract | 97 | |||
Sold | 1802 | 10.3 | ||
Absorption Rate is the total number of listings | ||||
Divided by the monthly rate of sales. | ||||
Absorption Rate tells how long it will take at the current rate of sales | ||||
to sell all of the current inventory if no new homes are listed. | ||||
As you can see, it was not all doom and gloom. I would be lying to
imply this is the greatest year ever, but we did sell a lot of homes
in spite of the media and mortgage meltdown.
Jim Little, your Sun City REALTOR®
Please visit my Web Site, suncityneighborhood.com where you can search the MLS with no registration for free.
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