Jackson Twp OH: April 2008 Real Estate Absorption Report

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Real Estate Agent with Hackenberg Realty Group 2003021250

Jackson Township OH:   April 2008 Real Estate Absorption Report

The Absorption Rate is the theoretical time it takes to clear existing inventory. The Active Listings are the number of current active listings. Listing sold per Month is the average number of unit sales per month over the last 3 months.  Months of Supply is the absorption rate inventory derived by Supply/Demand.  And last is the Odds of Selling within 90 days. Home sales in Jackson township for the last 90 day showed a 5 month supply of houses with a 60% odds of selling within 90 days.  A balanced market is a 5-6 month suppply. The number of listings closely equal the number of buyers. Higher numbers represent too many houses, not enough buyers.   A buyers market.  Lower number of inventory represents a sellers market.  Most homes in the Jackson area are selling very well.  Especially under $159,000.  $300,00-$349,000 is doing well.  In the $250,000-$299,999 range only 4 sold in the past 3 months and currently 8 are listed. 

 

From Price                To Price Active   Listing Sold Listings Sold #Month Odds Selling  
      Listings   Prior 90 Days Per Month Supply in 90 Days  
                         
$80,000   $89,999 0   3   1   0 30%    
$90,000   $99,999 0   1   0   0 100%    
$100,000   $119,999 1   2   0.7   1.4 100%    
$120,000   $139,999 3   6   2   1.5 86%    
$140,000   $159,999 6   6   2   3 86%    
$160,000   $179,999 7   3   1   7 60%    
$180,000   $199,999 4   5   1.7   2.4 71%    
$200,000   $249,999 17   19   6.3   2.7 79%    
$250,000   $299,999 8   4   1.3   6 27%    
$300,000   $349,999 9   7   2.3   4 88%    
$350,000   $399,999 2   3   1   2 50%    
$400,000   $449,999 0   6   2   0 15%    
$450,000   $499,999 3   1   0.3   1 12.50%    
$500,000   $549,999 1   0   0   0 0    
$550,000   $599,999 2   1   0.3   7 50%    
$600,000   $649,999 1   0   0   0 0    
$650,000   $699,999 0   0   0   0 0    
$700,000   $749,999 1   1   0.3   3 33%    
$750,000   $799,999 1   0   0   0 0    
$900,000   $949,999 1   0   0   0 0    
$1,250,000   $1,499,999 2   0   0   0 0    
$3,250,000   $3,499,999 0   0   0   0 0    
                         
    Totals 69   68   22.6   3 60%    
                         

 

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Deborah Wilson

Stark County OH Real Estate
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