Thursday, March 10, 2011
Real Estate in the Buff(ington Building): Clarksburg Area Supply and Demand Chart February 2011
Real Estate in the Buff(ington Building): Clarksburg Area Supply and Demand Chart February 2011
Clarksburg Area Supply and Demand Chart February 2011
Here is the Clarksburg Area supply and demand chart for February 2011. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Clarksburg's absorption rate for Feb 11 is inline with the Montgomery County numbers. Since this report only looks at resale home, the new home numbers need some attention as well. We are seeing the new home activity spike in recent weeks.
On February 19 and April 2 our New Home Info Center will be open from 10-2 at the RE/MAX Clarksburg Office (23214 Brewers Tavern Way Clarksburg MD). It is a great way to get ALL of the builder information in one spot.
Now is the time when savvy sellers and buyers make their moves.
Absorption Rates:
February 2011 12.7% absorption rate
February 2010 18.1% absorption rate
February 2009 5.7% absorption
Clarksburg Area Supply and Demand Chart February 2011
Here is the Clarksburg Area supply and demand chart for February 2011. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Clarksburg's absorption rate for Feb 11 is inline with the Montgomery County numbers. Since this report only looks at resale home, the new home numbers need some attention as well. We are seeing the new home activity spike in recent weeks.
On February 19 and April 2 our New Home Info Center will be open from 10-2 at the RE/MAX Clarksburg Office (23214 Brewers Tavern Way Clarksburg MD). It is a great way to get ALL of the builder information in one spot.
Now is the time when savvy sellers and buyers make their moves.
Absorption Rates:
February 2011 12.7% absorption rate
February 2010 18.1% absorption rate
February 2009 5.7% absorption
Monthly Supply of Inventory for Montgomery County Feb 2011
Monthly Supply of Inventory Chart
Here is MSI chart for Montgomery County MD for Feb 2011. MSI is Realtor lingo for "how big is the inventory of homes for sale". Look at it this way, if no other homes came on the market, how long will it take to sell all of the homes currently available. That is MSI.
Most experts say that 5 months is the equilibrium point. More than 5 months, its a sellers market, below 5 its a buyers market.
MSI for Montgomery Co Feb 11 is:
3.2 months
Here is MSI chart for Montgomery County MD for Feb 2011. MSI is Realtor lingo for "how big is the inventory of homes for sale". Look at it this way, if no other homes came on the market, how long will it take to sell all of the homes currently available. That is MSI.
Most experts say that 5 months is the equilibrium point. More than 5 months, its a sellers market, below 5 its a buyers market.
MSI for Montgomery Co Feb 11 is:
3.2 months
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