Beaufort SC Weekly Stats for the week of April 13th

These are a couple days late... doing the last minute tax sweat! I e-filed this year and I have felt so restless today- no post office, no certified mail, just waiting on emails.

Our inventory did tick back up this week as you can see from the following chart:

I thought that last weeks dip may have just been un-relisted expireds. The under contracts held steady at 62 while 7 houses closed for the week.

The days on the market overall was really pretty good with the exception of on listing that was on the market for 700+ days and skewed the average a little longer than it would have been otherwise.

If not for that one looonnnggg listing, I think the DOM would have been under 90.

As I promised last week, I started compiling the absorbtion rate for the month, and for March, it dropped back down to about 28 months worth of inventory across all price points. Obviously, this is a more meaningful stat when it is specific to a price range or subdivison, but it is what it is- a generality describing the market as a whole. I do compile the absorbtion rates for different price points, and if you write me I will furnish those. I just don't have them handy right now. At any rate, 28 months beats the pants off of 62 months for February!

The average Sale to List Ratio went back up to 92%, and again if it hadn't been for that one long listing, it would have been above 95%. Sometimes I consider leaving out the one anomally for the week, but it does represent a property that someone had, and it is an accurate representation of what is happening. It's just that there is such a small sample that it can really skew the numbers.

OK, it is really late, and my sweet wife is already in bed... good night!