real estate market in new river valley: The State of the Market - June 2008 - 07/03/08 06:55 AM
The residential properties sold in the month of June here in the New River Valley have been closed out in MLS, and the new numbers are in (thank you, Aaron, for compiling them).  Since we now have two complete quarters in the book, we'll first post the numbers for this month, then dig a little deeper into reports for the entire year. 
When it comes to absorption rates, we're looking at how long it would take to sell the existing residential inventory in a particular area, if nothing else came on the market until supply was exhausted.  Anything over 5 months … (0 comments)

real estate market in new river valley: The State of the Market - May 2008 - 06/04/08 08:57 AM
Improvement overall in the market, and a slight improvement over last month.  A 16% increase in the number of homes sold in May versus April, with a drop of a month and a half to just ten months worth of inventory.  That's better than what we saw in January, and similar to what we've seen over the last few months (see the rest of 2008 here).  Again, we're looking at how long it would take to sell the existing residential inventory in a particular area, if nothing else came on the market until supply was exhausted.  Anything over 5 months is … (0 comments)

 

Jeremy Hart

Blacksburg, VA

More about me…

Coldwell Banker Townside

Address: 220 Professional Park Drive, Blacksburg, VA, 24060

Office: (540) 998-4731

Mobile: (540) 998-4731

A look at Real Estate in the New River Valley of VA. Sometimes on topic, occasionally irreverent, always Real. That's why we're Real Estate. Simplified.


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