Camp Lejeune Jacksonville NC Real Estate Absorption Rates Jan-May

By
Managing Real Estate Broker with Coldwell Banker Sea Coast Advantage (Jacksonville, NC) NC License # 232012

Monitoring the Camp Lejeune Jacksonville NC Real Estate Absorption rates for January to May 2012, is 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. It doesn't matter to a buyer whether the homes are new construction, re-sale, one story, two story, brick, vinyl, etc... On the Internet, buyers are looking at all available homes in their price range.

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, and an absorption rate chart provides additional information critical for sellers.

In the Jacksonville area, new construction homes continue to maintain their sales numbers while re-sale home sales numbers are down 18% over the same time period (Jan - May) of last year.

This downward trend is a continuation from 2011 and one that will likely continue through 2012 and beyond.

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 period of time, or unit sales per month. (rate determined by January - May 2012 sales figures) Example: 40 sales in 10 months divided by 10 months = 4 sales per month

Currently Active: The total number of homes for sale within a defined market segment. (as of June 30, 2012)

Months of Inventory: Number of active listings divided by the absorption rate.

January – May 2012

Number of Months of New Construction Single Family Homes Inventory in Onslow County Based On The Absorption Rate

 Jacksonville NC New Construction Absorption Rates May 2012

Number of Months of Re-Sale Single Family Homes Inventory in Onslow County Based On The Absorption Rate

Re-Sale Homes Absorption Rate May 2012

In Jacksonville NC, Onslow County, and the entire Camp Lejeune area, this local absorption rate market report is critical information for sellers and potential sellers selling a Jacksonville NC Home in our market. With many of our sellers being military and executing permanent change of station orders that are with an established timeline, this market report can be an important factor in helping to determine where to position your home in the market to help enable those timelines to be met.

These rates are general figures based on an overall analysis of County wide sales numbers. They indicate a continuing downward trend of re-sale home sales in all price ranges as they struggle to compete with new construction in the area. However, this may or not be the case within certain segments of the County. If you would like a more detailed review of your specific area, please click Request Absorption Rate Market Report and I will be in touch with you to provide absorption rate information that pertains to your home.

Posted by

 Ken Brandon

 ABR, CDPE, CNE, CRS, e-PRO, GRI, SFR, SRS

Managing Broker

Coldwell Banker Sea Coast Advantage

2355 Western Boulevard Suite 300,  Jacksonville NC 28546

   Office: (910) 353-5100                       Email: KenBrandon@SeaCoastRealty.com  

 Serving Camp Lejeune, Jacksonville NC, And The Surrounding Area

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Real Estate Market Trends
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North Carolina Onslow County Jacksonville
Tags:
jacksonville nc real estate market
jacksonville nc real estate market report jan may 2012
jacksonville nc absorption rates may 2012

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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
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Good morning Ken -

Excellent information for the people of Camp Lejeune Jacksonville NC.  Your knowledge or Camp Lejeune and Jacksonville NC beam in this report.  Anyone looking for sound real estate advice would be wise to contact you!

Jul 15, 2012 08:36 PM #1
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Ken Brandon

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