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Selling A Jacksonville NC Home: Camp Lejeune Jacksonville NC Real Estate Market Report (Absorption Rates) January - November 2011
Absorption rates are one of the best ways to measure the relationship between supply and demand in our area real estate market, particularly if you are Selling a Jacksonville NC Home Buyers are searching by price range and comparing ALL types of homes in that price range...whether the homes are new construction, re-sale, one story, two story, brick or vinyl, etc...
Sellers need more information than simply what other 2 story brick homes in their subdivision have sold for in the past 6 months to help determine the right price to be competitive in the current local market place.
In the Jacksonville area, new construction homes continue to maintain their sales numbers while re-sale home sales numbers are down 31% over the same time period (Jan - Nov) of last year.
This is a trend that will likely continue through 2012, at the very least.
Before we take a look at the actual numbers (for both re-sale homes AND new construction), here are a few terms and their definitions to help show how the numbers were obtained. These terms are important items to know when selling a Jacksonville NC Home.
Absorption Rate: The rate at which homes will sell withing a given ... more

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