MLS Area 104 - State Road 50 (Cheney Hwy) to Kings Hwy - Sept. 20, 2008
114 active listings priced from $64,900 to $699,900
*11 short sales
15 properties are under contract ranging in price from $85,900 to $1,250,000. Judging
by the contract dates on the MLS 3 of these appear to be lease/purchases.
*3 short sales are under contract
55 houses have closed since January 1, 2008
43 houses have closed in the past 6 months (used for Absorption Rate)
*4 short sales closed in past 6 months
The Absorption Rate Formula would indicate the market taking 15.90 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 11.79 months. This is just
ever so slightly less robust than the last report, but better than Feb. and May.
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) - July 2008
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
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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