Keller home sales Absorption Rate

Keller Texas has always been a pretty good market to work in. I did the absorption rate for the city as a whole this morning and have found that it is turning in favor of the buyers. A healthy market is a 6 months supply.

Currently there is a little over a 9.04 month supply that is up from the 6.62 supply we had at 12 months ago and a up from our 6 months ago which was 6.89.

As a whole that is not to bad considering the media, holiday and weather not to bad I expect to see that turn back in about 30 to 60 days from now as we head into the spring and lower interest rates.

This infomation is based of numbers supplied to me from Ntreis.net, and calulation formula from Zan Monroe. There are currently 407 homes available in the 76248 zip code of Keller TX. This information was compiled on December 16, 2008 by myself.