2007 Sun Cities Market Report
Sun City |
Absorption Rate |
|||
Total Listings |
1052 |
|||
Under Contract |
580 |
|||
Sold |
994 |
12.7 |
||
Sun City West |
||||
Total Listings |
415 |
|||
Under Contract |
42 |
|||
Sold |
521 |
9.6 |
||
Sun City Grand |
||||
Total Listings |
374 |
|||
Under Contract |
30 |
|||
Sold |
382 |
11.7 |
||
All Sun Cities |
||||
Total Listings |
1551 |
|||
Under Contract |
97 |
|||
Sold |
1802 |
10.3 |
||
Absorption Rate is the total number of listings |
||||
Divided by the monthly rate of sales. |
||||
Absorption Rate tells how long it will take at the current rate of sales | ||||
to sell all of the current inventory if no new homes are listed. | ||||
As you can see, it was not all doom and gloom. I would be lying to
imply this is the greatest year ever, but we did sell a lot of homes
in spite of the media and mortgage meltdown.
Jim Little, your Sun City REALTOR®
Please visit my Web Site, suncityneighborhood.com where you can search the MLS with no registration for free.
