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HomeNorth Canton Absorption Report-April 2008

North Canton Absorption Report-April 2008

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. North Canton has an overall 87% odds of selling within 87% and currently has a 2.6 months supply of inventory. Price ranges of $90,000-$119,999 sold out at 100%.

Prices From Prices To Active Listings Sold Listings # of Odds of
Listings Prior 90 Sold per Month Selling in
Days Month Supply 90 Days
$20,000 $29,999 0 0 0 0
$30,000 $39,999 0 0 0 0
$40,000 $49,999 1 1 3 3 100%
$50,000 $59,000 0 0 0 0 0
$60,000 $69,999 0 1 0 0 0
$70,000 $79,999 0 3 0 0 0
$80,000 $89,999 0 3 0 0 0
$90,000 $99,999 1 3 1 1 100%
$100,000 $119,999 3 9 3 1 100%
$120,000 $139,999 7 6 2 4 20%
$140,000 $159,999 3 2 0.7 4 40%
$160,000 $179,999 6 4 1.3 5 66%
$180,000 $199,999 6 3 1 6 60%
$200,000 $249,999 3 6 2 1.5 30%
$250,000 $299,999 3 4 1.3 2.3 44%
$300,000 $349,999 0 3 0 0 0%
$350,000 $399,999 2 1 0.3 7 20%
$400,000 $449,999 4 0 0 0 0%
$450,000 $499,999 1 0 0 0 0%
$500,000 $549,999 1 0 0 0 0%
$550,000 $599,999 0 0 0 0 0%
$600,000 $649,999 0 0 0 0 0%
$650,000 $699,999 0 0 0 0 0%
$700,000 $749,999 1 0 0 0 0%
Totals 42 49 16 3 87%

Posted Sunday May 18

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