Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for October 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
October of 2009 was another improving month over this last year and 2 years ago. Are we out of the woods? Not yet. Experts predict that there are still more foreclosures and short sales until 2012. However that doesn't necessarily mean that we will see a decline in property values across the board. The best advice is to get professional advice. RE/MAX Realty Centre has some of the industries finest agents.
Our office has added several CDPEs. These are Certified Distressed Property Experts. They are great agents who can help their clients navigate short sales and foreclosures.
Absorption Rates:
October 2009 16% absorption rate
October 2008 11% absorption rate
October 2007 9% absorption rate
Here is the Clarksburg Area supply and demand chart for October 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
October was another great month in the Clarksburg real estate market. Of the homes available for sale, 1 in went undercontract. The undercontracts trail the absorption rate by about 45 days, so look forward to a strong Nov for absorption.
Our office is at 23214 Brewers Tavern and we have seen a lot of buyers and sellers walk in our doors looking for help and finding it. The housing stimulus credit of $8000 has really moved the market in a positive direction. Things have really picked up in Clarksburg. We have seen a major spike in new home sales which in turn has helped the existing home sales as well. We have also added several CDPEs. These are Certified Distressed Property Experts. These are great agents who have added a higher level of training to be able to navigate short sales and foreclosures for their clients.
Absorption Rates:
October 2009 8% absorption rate
October 2008 7% absorption rate
October 2007 5% absorption
Here is the Clarksburg Area supply and demand chart for August 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
WOW!!! August was a great month in the Clarksburg real estate market. Of the homes available for sale, 1 in 5 sold. That is like 2005 numbers.
Our office is at 23214 Brewers Tavern and we have seen a lot of buyers and sellers walk in our doors looking for help and finding it. The housing stimulus credit of $8000 has really moved the market in a positive direction. Things have really picked up in Clarksburg. We have seen a major spike in new home sales which in turn has helped the existing home sales as well. We have also added several CDPEs. These are Certified Distressed Property Experts. These are great agents who have added a higher level of training to be able to navigate short sales and foreclosures for their clients.
Absorption Rates:
August 2009 17% absorption rate
August 2008 10% absorption rate
August 2007 6.7% absorption
Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for August 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
WOW. August of 2009 was a complete anomaly from previous Augusts. Usually the real estate market in Olney goes quiet during this period because of July/August vacations. This year was an exception. If you were considering selling, now might be the right time to call a professional. The $8000 stimulus program along with low interest rates has really started to push the market along.
Our office has added several CDPEs. These are Certified Distressed Property Experts. They are great agents who can help their clients navigate short sales and foreclosures.
Absorption Rates:
August 2009 14.3% absorption rate
August 2008 10.8% absorption rate
August 2007 6.7% absorption rate
Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for July 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Another great month of absorption in the Olney Area. If you were considering selling, now might be the right time to call a professional. The $8000 stimulus program along with low interest rates has really started to push the market along.
Our office has added several CDPEs. These are Certified Distressed Property Experts. They are great agents who can help their clients navigate short sales and foreclosures.
Absorption Rates:
July 2009 19.4% absorption rate
July 2008 15.4% absorption rate
July 2007 12.4% absorption rate
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