Market Statistics -Susquehanna PA January 2012

Susquehanna Market Statistics

Properties currently active on the market – 231
Properties closed in December, 2011 – 22
Average Sale price – $131,545
Average List Price - $140,913
Average list to sold ratio – 93.35%
Average days on market – 162
Sales currently pending – 39

Susquehanna Absorption rate

# listings on market – 231
# sold last month – 22
# sold 22 x 12 (months)=264
264/52 weeks = 5.07 units per week
# of active listings divided by units per week – 231/5.07 = 45.56 is absorption rate

Summary – Susquehanna current absorption rate is 45.56 weeks just to sell current inventory