MLS Area 102 - State Road 46 to Garden St. - Titusville FL - Sept. 20, 2008
210 active listings priced from $48,900 to $695,000
*26 short sales
20 properties are under contract ranging in price from $64,900 to $199,900. Judging
by the contract date on the MLS 1 of these appears to be a lease/purchase.
*4 short sales are under contract
99 houses have closed since January 1, 2008
73 houses have closed in the past 6 months (used for Absorption Rate)
*0 short sales closed in past 6 months
The Absorption Rate Formula would indicate the market taking 17.26 months
to absorb the current inventory of homes in MLS Area 102. 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 13.55 months. This is just
about the same as the last report with an absorption rate of 17.6. This is a
buying opportunity in Titusville FL. Call me if you have any questions.
Here's a link to the last report:
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 102) - July 28, 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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