This Jacksonville NC Real Estate Absorption rates report shows re-sale homes absorption rate figures for the past 12 month period, 6 month period, and 3 month period. As an absorption rate is one of the best ways to measure the relationship between supply and demand in our area real estate market, this 12 month report can indicate a trend in a particular price range. This information is critical if you are Selling a Jacksonville NC Home
The fact is 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... In most instances it also doesn't matter what other homes have sold for and are on the market for in a particular subdivision. On the Internet, buyers are looking at ALL available homes in their price range in a given area.
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.
Before we take a look at the actual re-sale homes absorption rate numbers, 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 - November 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 December 16, 2012)
Months of Inventory: Number of active listings divided by the absorption rate.
12 Month Absorption Rate Analysis November 2012
Number of Months of Re-Sale Single Family Homes Inventory in Onslow County Based On The Absorption Rate
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 have a real estate professional get in touch with you to provide absorption rate information that pertains to your home.