Tredyffrin Third Quarter Real Estate Absorption

By
Real Estate Agent with Berkshire Hathaway HomeServices Fox&Roach Realtors


Mops, Sponges and The Months Supply of Inventory

AbsorptionRateMoplThe Third Quarter Tredyffrin Real Estate Absorption Rate is looking more like a normal real estate market instead of one drowning in inventory.

Some months I have felt like I needed a huge mop to soak up the excess inventory. And in some markets that’s still the image that resonates.

But here in Tredyffrin Township for the Third Quarter Real Estate Market, we’re showing signs of recovery. The months supply of inventory is down to 5.6 months.

See Main Line Pa Today to read more about the Absorption Rate and Months Supply of Inventory in Tredyffrin Township Third Quarter 2009:

Tredyffrin Third Quarter Real Estate Absorption

Comments (2)

Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Judy, that's one of the lowest absorption rates I've seen in the Country, At 5.6 months, you should be in a balanced market.

Oct 21, 2009 01:08 AM
Judy Peterson
Berkshire Hathaway HomeServices Fox&Roach Realtors - Tredyffrin, PA
"Superb Service, Superb Results"

Hi Gabe! Thanks for visiting. Yes that's a pretty enviable MSI especially compared to some other parts of the country and even some other areas here. Days on Market are still high. But its begining to improve. Some of this has been achieved by withdrawn listings but it's still good.

Oct 21, 2009 05:10 AM