Canton Absorption Report-April 2008

By
Real Estate Agent with Hackenberg Realty Group

 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.  A 5-6 month supply is considered balanced with roughly the same number of sellers as buyers.  Higher numbers mean it is a buyers market, while less is a sellers market.  Overall Canton has a 2.4 months supply and a 83 % odds of selling within 90 days in certain pirce points.  The $20,000 - $29,999 market is selling briskly as an investors market.

 

 
Prices From Prices To   Active   Listings Sold Listings   # of   Odds of  
        Listings   Prior 90   Sold per   Month   Selling in  
            Days   Month   Supply   90 Days  
                           
$0   $19,999   9   86   28.6   32   48%  
$20,000   $29,999   13   15   5   2.6   100%  
$30,000   $39,999   14   18   6   2.3   15%  
$40,000   $49,999   11   6   2   5.5   30%  
$50,000   $59,000   15   7   2.3   6.5   38%  
$60,000   $69,999   16   3   1   16   11%  
$70,000   $79,999   13   5   1.7   7.6   16%  
$80,000   $89,999   10   8   2.7   3.7   80%  
$90,000   $99,999   12   5   1.7   7   42%  
$100,000   $119,999   5   3   1   5   23%  
$120,000   $139,999   6   3   1   6   30%  
$140,000   $159,999   0   1   0.3   0   100%  
$160,000   $179,999   1   0   0   0   0%  
$180,000   $199,999   1   0   0   0   0%  
$200,000   $249,999   0   0              
                           
    Totals   127   160   53   2.4   83%  
                           

 

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If you want information on the Canton area which includes shortsale, foreclosures or rentals, please give

me a call at 330-904-4545.

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Deborah Wilson

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