Centennial - Heritage Greens January to March 2008 single family home sales report

4 residential closings up 400% over 2007. Absorption Rate is ok at 8.25 months. It not possible to determine any kind of trend since the first three months of 2007 only saw one sale. but it is very encouraging that the sales quadrupled during the same period in 08.


Jan - March 2007Jan - March 2008% Change
# of sales closed14400%
# of sales Closed - YTD14400%
Avg Days on Market41052625%
# of Active Listings-11-
Absorption Rate (months)-8.25-
Average $ per SqFt246223-9.34%
Average Price (Sold)960,000745,683-22.32%

Click here for active homes for sale in Heritage Greens

Absorption Rate Definition - the rate at which a market can absorb additional units of supply without causing market saturation and severe price distortions. For example, during a recessionary period, many homeowners may list their house for sale. Since the supply of homes entering the home resale market increased without a corresponding increase in demand, the market absorption rate has been exceeded, and the market price of the resale homes declines. A simple definition is the number of months it takes to sell the current inventory at the present rate of sales.Disclaimer - the information and commentary provided in this Blog are opinions of Homes And People and should be used for informational purposes only.All sales data is from the MLS and the information is deemed reliable but not guaranteed.

© Copyright 2008 Homes And People

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