Jackson Twp Absorption Report - August

By
Real Estate Agent with Hackenberg Realty Group 2003021250

 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. The Jackson market has an overall 75% selling rate within 90 days.   Currently there is a 1.5 months supply of inventory.  Interestingly houses in the $400,000-499,999 is selling at 70%.

 

Prices From Prices To   Active   Listings Sold Listings   # of   Odds of
        Listings   Prior 90   Sold per   Month   Selling in
            Days   Month   Supply   90 Days
                Absorption      
$20,000   $29,999   0   0   0   0   0%
$30,000   $39,999   1   0   0   0   0
$40,000   $49,999   0   0   0   0    
$50,000   $59,000   0   0   0   0   0
$60,000   $69,999   0   0   0   0   0
$70,000   $79,999   0   1   0.3   3   0
$80,000   $89,999   1   3   1   1   1
$90,000   $99,999   1   0   0   0   0
$100,000   $119,999   1   7   2.3   4   23%
$120,000   $139,999   1   13   4.3   2   19%
$140,000   $159,999   1   16   5.3   2   80%
$160,000   $179,999   1   3   1   1   30%
$180,000   $199,999   4   11   3.7   1   12%
$200,000   $249,999   9   10   3.3   3   50%
$250,000   $299,999   8   6   2   4   30%
$300,000   $349,999   4   5   1.6   3   60%
$350,000   $399,999   1   6   2   5   30%
$400,000   $449,999   1   5   1.6   6   70%
$450,000   $499,999   3   2   0.7   4   70%
$500,000   $549,999   0   3   1   0   15%
$550,000   $599,999   0   3   1   0   60%
$600,000   $649,999   1   3   1   1   30%
$650,000   $699,999   0   0   0   0   0
$700,000   $749,999   0   0   0   0   0
$750,000   $799,999   2   0   0   0   0
$800,000   $849,999   1   0   0   0   0
$900,000   $949,999   0   0   0   0   0
$1,000,000   $3,499,999   0   1   1   1   20%
                         
                         
                         
    Totals   41   98   33.1    1.5  
 

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Deborah Wilson

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