What’s my Timberlake Home Worth? Market Report for July 2014
Properties currently on the market: 20
Average Days on the market: 70
Average List Price: $143,227
Single family homes sold in July: 4
Average Sale Price: $144,325
Average Days on the market (sold): 84
Pending Home Sales: 4
Timberlake has a balanced market based on the July numbers. Timberlake absorption rate is 5.16. This tells us that if market conditions do not change and if no new listings come on the market it will take 5.16 months for the current inventory to sell at the current pace of the market. A balanced market’s absorption rate is typically between 5-7 months.
Mike Gain, CEO and president of Berkshire Hataway Home Services Northwest Real Estate, commented on supply. " Although the housing inventory locally is up slightly, we just don't have enough of the right inventory in the right neighborhoods to satisfy the demand."
Wondering what your Timberlake home is worth? I would be happy to assist you. Send me an email with your address or just give me a call.
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