Real Estate Market Report & Absorption Rates - MIMS, FL (MLS Area 101) - Nov 3,2008

MLS Area 101 - County Line Road to SR 46 - Mims/Scottsmoor - Nov 3, 2008

98 active listings priced from $46,500 to $2,500,000
*6 short sales
4 REO's

7 properties are under contract ranging in price from $54,900 to $249,900.
*0 short sales are under contract
1 REO is under contract

50 houses have closed since January 1, 2008
34 houses have closed in the past 6 months (used for Absorption Rate)
*3 short sales closed in past 6 months
5 REO's have closed in past 6 months

The Absorption Rate Formula would indicate the market taking 17.28 months
to absorb the current inventory of homes in MLS Area 101. This is a very big
improvement over the last report. If the property is priced for today's market,
it's a great time to buy in MIMS, FL.

Previous Reports for MLS Area 101:
Real Estate Market Report/Absorption Rates - MIMS/SCOTTSMOOR, FL (MLS Area 101) - Sept 20, 2008

Here's a link to the separate Fawn Lake reports:
FAWN LAKE - Mims, Brevard County FL - Market Report Sept 18, 2008 (MLS Area 101)
FAWN LAKE - Mims, Brevard County FL - Market Report July 2008 (MLS area 101)
FAWN LAKE - Mims, Brevard County FL - Market Report May 2008 (MLS AREA 101)
FAWN LAKE - Mims, Brevard County FL - Market Report Feb 2008 (MLS area 101)

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