SUMNER COUNTY TENNESSEE ABSORPTION RATES
11/01/2006 TO 10/31/2007
What constitutes a Buyers Market, A Seller's Market, and a Neutral Market?
10/31/2007 Happy Halloween!
The amount of inventory determines the market sway. A "Neutral Market" is 6 months of inventory. Anything less than that is a "Seller's Market". An inventory of more than 6 months is a "Buyer's Market". Absorption Rates are the best means of tracking market performance. This is what is called the "Overall Market".
|
HOME PRICES |
NUMBER OF ACTIVE LISTINGS |
NUMBER OF SOLD LISTINGS IN THE PAST YEAR |
ABSORPTION RATE |
NUMBER OF MONTHS TO ABSORB |
NUMBER OF YEARS TO ABSORB |
|
Under $100,000 |
111 |
310 |
25.83 |
4.297 |
|
|
$100-$200,000 |
602 |
1,305 |
108.75 |
5.536 |
|
|
$200-$300,000 |
500 |
754 |
62.83 |
7.958 |
|
|
$300-$400,000 |
296 |
280 |
23.33 |
12.686 |
1.06 |
|
$400-$500,000 |
151 |
129 |
10.75 |
14.047 |
1.17 |
|
$500-$600,000 |
65 |
46 |
3.83 |
16.957 |
1.41 |
|
$600-$700,000 |
35 |
30 |
2.5 |
14.000 |
1.17 |
|
$700-$800,000 |
28 |
13 |
1.08 |
25.846 |
2.15 |
|
>$800,000 |
72 |
22 |
1.83 |
39.273 |
3.27 |
|
|
1,860 |
2,889 |
|
|
|
Jan Wood and Jennifer Jennings
~The Realty Association~1305 Murfreesboro Pike, Nashville, TN 37217 ~ 615-385-9010
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