There were 11 residential sales recorded in Canton, NC in May 2008, and the average number of days it took to sell the 11 homes was 166. The number of homes on the market in Canton as of this morning (June 13) is 157. Selling 11 homes per month with 156 on the market as of 05/31 equates to an absorption rate (i.e., inventory) in Canton of approximately 14 months.
Source: MLS. Data deemed reliable but, not guaranteed.
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See my Canton, NC Archive of Market Reports.
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