Today there are 190 homes for sale in the Dayton Valley area. Of the 190 homes available for sale, 40 are bank owned and 36 are short sale. That means 76 - or 40% - of the market is distressed.
Compared to January's Dayton numbers, this market is looking much better. In January, there were 245 homes on the market and 53% of the market was distressed.
How is the absorption rate looking for Dayton? Let's take a look...
- Dayton currently has 190 homes on the market.
- In February, 18 homes sold
- 190 / 18 = 10.55 months
In February, the absorption rate was 14.46, and in January, the rate was 20.42. We are still quite a ways away from a "normal" market of 5-7 months, but we're heading in the right direction!
Today, there are 67 properties under contract / pending in Dayton. That's a lot of homes to close escrow in the coming months that is sure to help stabilize the Dayton market.
It appears as though our markets are poised for a recovery. If you're a buyer debating buying a home right now in Northern Nevada, don't wait for these statistics to continue to trend upward. It may just cost you the house of your dreams.
(Our data is from the NNRMLS, Pulled all Active listings, Dayton Valley area (Area=420, 416, 414, 412, 410, 402.)
Posted By: Christianne Gordon - Northern Nevada Real Estate Agent - Realtor with RE/MAX Realty Affiliates, specializing in Carson Valley Real Estate and Northern Nevada Real Estate.
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