The other day, I was doing some research for buyer clients of mine on the state of the market for a property that they were considering putting an offer in on.  This property was new construction in a generally sought after area of East Cobb (Marietta, GA).  The home was listed in the 900's.  As part of my research, I analyzed the trends in inventory levels in my local absorption reports.  Interestingly, I noticed that the months of inventory has actually declined in recent months in that category and area.  It peaked in February 2008.  See the stats below.

8/07 - 18.9 months of inventory

9/07 - 20.3 months

10/07 - 20.5 months

11/07 - 21.2 months

12/07 - 24 months

1/08 - 24.4 months

2/08 - 31.1 months - - - - -This is where it seems to have bottomed out and the trend reversed.

3/08 - 29.3 months

4/08 - 28.8 months

 

1 Comments on A sign that the bottom of the market has been reached

JUN
05
2008
1,005,302 Points 13 Featured Posts Localism Sponsor Outside Blog

Matthew - Statistics and absorbtion rates can be a good indicator of a changing market.  Watch the pricing trends closely because this can also be another good indicator of a changing market. 
7:46am • #1


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Matthew Share

Marietta, GA

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Maximum One Greater Atlanta Realtors

Address: 3715 Roswell Road, Suite 101, Marietta, GA, 30062

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