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HomeCanton Absorption Report-April 2008

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. Overall Canton has a 2.4 months supply and a 83 % odds of selling within 90 days in certain pirce points. The $20,000 - $29,999 market is selling briskly as an investors market.

Prices From Prices To Active Listings Sold Listings # of Odds of
Listings Prior 90 Sold per Month Selling in
Days Month Supply 90 Days
$0 $19,999 9 86 28.6 32 48%
$20,000 $29,999 13 15 5 2.6 100%
$30,000 $39,999 14 18 6 2.3 15%
$40,000 $49,999 11 6 2 5.5 30%
$50,000 $59,000 15 7 2.3 6.5 38%
$60,000 $69,999 16 3 1 16 11%
$70,000 $79,999 13 5 1.7 7.6 16%
$80,000 $89,999 10 8 2.7 3.7 80%
$90,000 $99,999 12 5 1.7 7 42%
$100,000 $119,999 5 3 1 5 23%
$120,000 $139,999 6 3 1 6 30%
$140,000 $159,999 0 1 0.3 0 100%
$160,000 $179,999 1 0 0 0 0%
$180,000 $199,999 1 0 0 0 0%
$200,000 $249,999 0 0
Totals 127 160 53 2.4 83%

Posted Sunday May 18

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