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Chelsea Real Estate Market Inventory Down – 8.7 Months Supply
The Chelsea Real Estate Market Report  provides Buyers and Sellers with more than just statistics – The report provides direction as to where the Chelsea real estate market is currently.  This report breaks down Days on Market in smaller market segments.  The information in this report tells buyers whether inventory is high or low depending on their particular bracket and whether this is a good time to put your house on the market and likewise a good time to purchase a new home.
For instance – Absorption Rate is an interesting statistic that indicates to buyers and sellers whether the real estate market is giving way to a buyer’s or seller’s market.  To derive the Absorption Rate you only need 2 numbers.  How many active Chelsea homes  (homes currently for sale) and the total number of homes that have sold over a specific period of time. You can also break this down into brackets.  For our example I will be using the bracket of $150K – $200K to come up with the Absorption Rate for Chelsea homes in that price range.
To calculate the Absorption Rate – start by calculating the average sales per month.  Our bracket had 23 Sales divided by 6 months of ... more

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