Here are the absorption rates for the subdivisions that I usually post. If you live in one that is not mentioned here, please email me and I will include it in my November rates and send one for October direct.
DeCordova Bend Estates October saw 40 active single family homes on the market, 1 had a contingency, 3 had kick out clauses on them, 2 had options and 6 sold for an absorption rate of 6 months and 3 weeks on the market........Hey, the inventory level is down in DCBE!
Pecan Plantation Inventory of active homes on the market was at 104 homes, 2 with kickouts, 2 with iptions, 3 were pending and 6 sold. That makes the absorption rate in Pecan pretty high at over 17months worth of houses on the market.
Bentwater There were 22 homes actively on the market in Bentwater, 1 contingency, 1 pending and 3 sold for an absorption rate of 7 months and 10 days of homes on the market.
Harbor Lakes had only 9 houses actively on the market and nothing under contract but 2 sold in October so the absorption rate in Harbor Lakes is 4 and half months.
All in all Granbury real estate as of this date had 582 homes on the market and 52 selling in October for a 10 month supply of houses: however, of that 52 only 16 were over $200K and 2 of those over $625K. HUMMMMMMM.....very interesting! It says a mouthful!
These stats were taken from North Texas Real Estate Information System as of November 3, 2008 for single family detached homes.