MLS Area 104 - State Road 50 (Cheney Hwy) to Kings Hwy - July 12, 2008
105 active listings priced from $69,500 to $1,500,000
*10 short sales
11 properties are under contract ranging in price from $88,900 to $875,000
*1 short sale
45 houses have closed since January 1, 2008
44 houses have closed in the past 6 months (used for Absorption Rate)
The Absorption Rate Formula would indicate the market taking 14.32 months to absorb the current inventory of homes in MLS Area 104. However if I add
in the homes under contract (without accounting for any new listings prior to these closings) the absorption period is reduced to 11.45 months. This is the second improvement in a row, further supporting an improving market. See links below for comparison. This is a great time to buy Titusville FL real estate.
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - May 2008
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - Feb. 2008
If you're thinking of listing and want Absorption Rate information, please call or e-mail
and I will be happy to provide the most current numbers.
I can help you find your Home Sweet Home in Florida ~ TODAY!
Home Sweet Home Florida Realty, Inc.
At Home With Diversity (AHWD)
Certified Residential Specialist (CRS)
e-PRO Internet Certified (e-PRO)
Graduate Realtor Institute (GRI)
Titusville, Florida
Cell: 321.544.6808
www.HomeSweetHomeFlorida.com
http://activerain.com/blogs/homesweethomeflorida
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