A new month brings an opportunity to take a snapshot of the Huntsville real estate market and evaluate any trends that may be evolving. Thus in this post we will take a brief look at February’s year over year supply, demand, and price pressures to get a feel of how our area’s market is performing.
A […]
Entries from March 2008
2008 February Market Brief
March 8th, 2008 · No Comments
Tags: Huntsville Blog Feed · Huntsville Real Estate Market
Madison Feb-2008 Absorption Rates
March 4th, 2008 · No Comments
In continuing the absorption rate discussion from a previous post, I would like to narrow the previous example to a segment of the local market and demonstrate how even within a moderately sized market segment there are actually several mini markets with widely different supply and demand characteristics.
The North Alabama market segment illustrated in the […]
Tags: Huntsville Blog Feed · Huntsville Real Estate Market
What is absorption rate?
March 2nd, 2008 · 2 Comments
Absorption Rate is a metric used by some real estate professionals to measure a market’s internal supply and demand. It basically utilizes the current inventory of homes (supply) and recent sales history (demand) to calculate the market’s current sales rate.
For example if a market has 1,000 current listings and a sales history of 2,000 homes […]
Tags: Huntsville Blog Feed · Huntsville Buyer Tips · Huntsville Real Estate Market · Huntsville Seller Tips
Average Days on Market, How useful?
March 1st, 2008 · No Comments
Many experienced home owners are familiar with a commonly used statistic known as: Average Days on Market. It is very frequently espoused by many a real estate agent being interviewed for a potential MLS listing. Perhaps you’ve heard something like, ‘My average listing sells within 28 days of being on the market” or ‘The average […]
Tags: Huntsville Blog Feed · Huntsville Real Estate Market · Huntsville Seller Tips
