Its beginning to look a lot like Christmas even with the temperatures still in the 70's! Be sure to check out Judi's Blog for the many holiday celebrations taking place in and around Green Valley Arizona.
In November, 167 new listings came on the market in the greater Green Valley AZ area which was an increase over November 2011 with 152 new listings. On a YTD basis cautiously optimistic sellers seem more willing now than in 2011 to list their homes with the number of new listings to date totaling 1576 compared to 1486 in 2011 which equates to a 6.1% increase in new listings.
It appears those sellers may be on to something as sales on a YTD basis continue to outpace 2011 with 905 as compared to 757, for a YTD increase of 19.6% over 2011. Although the average sales price is continuing to improve it is still lagging behind 2011 by about 2% at $153,274 as compared to $156,380.
Absorption rate, or the number of months of inventory on hand, has dropped 22.45%, with a YTD of 10.19 months of inventory on hand as compared to 13.14 months in 2011.
Comments(0)