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48% of Homes Sell in Less Than a Month in 2017

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Forty-eight percent of homes sold in March were on the market for less than a month, according to housing data from the National Association of REALTORS®. The average for all sold properties, though, was a little higher, at 34 days. Still, that's down significantly from 47 days a year ago, according to NAR. Nondistressed homes spent a median of 32 days on the market, which is the shortest length of time since NAR began tracking such data in May 2011  reveals that the following metro areas had listings on the market the shortest amount of time in March: San Francisco-Oakland-Howard-Hayward, Calif.: 25 days Seattle-Tacoma-Bellevue, Wash.: 28 days Denver-Aurora-Lakewood, Colo.: 28 days Vallejo-Fairfield, Calif.: 31 days With strong buyer demand supporting shorter times on market, home prices are rising as well. The median existing-home price for all housing types was $236,400 in March, up 6.8 percent from a year ago. "Last month's swift price gains and the remark...
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Centennial - Piney Creek January to March 2008 single family home sales report

7 residential closings up 700% over the same period in 2007. Absorption Rate is ok at 9.0 months. Its 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 are off the roof during the same period in 08. Also checkout the average sales price. Jan - March 2007 Jan - March 2008 % Change # of sales closed 1 7 700% # of sales Closed - YTD 1 7 700% Avg Days on Market 229 136 -59% # of Active Listings - 21 - Absorption Rate (months) - 9.0 - Average $ per SqFt 105 148 141% Average Price (Sold) 406,800 622,314 153% Click here for active homes for sale in Piney Creek Absorption Rate Definition 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.
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Centennial - Willow Creek January to March 2008 single family home sales report

11 residential closings up 57% over 2007. Absorption Rate is good at 5.72 months, and the best news is the increase in $/SqFt by 9% This list has all subdivisions in the Willow Creek including Willow Creek, Willow Creek II, Willow Creek III, Townhouses and Cluster homes. Jan - March 2007 Jan - March 2008 % Change # of sales closed 7 11 57% # of sales Closed - YTD 7 11 57% Avg Days on Market 182 98 -53% # of Active Listings - 21 - Absorption Rate (months) - 5.72 - Average $ per SqFt 155 169 9% Average Price (Sold) 374,365 331,091 -11% Click here for active homes for sale in Willow Creek 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, ...
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Living Green in Colorado: Air Sealing Materials

if you’re considering some do-it-yourself weatherization projects, make sure you’re using the right air-sealing materials for the job: Caulk — Seals gaps of less than ½ inch. Select grade (interior, exterior, high temperature) based on application Spray foam ,— Fills large cracks and small holes. It can be messy (use light weigh disposable latex gloves. If you do get some on your hands you can use kerosene or rubbing alcohol to remove the foam from your hands) consider new latex-based foams. Do not us near flammable, applications (e.g., flue vents). ho not use expanding types on windows and doors Backer rod — Closed-cell foam or rope caulk. Press into crack or gap with screwdriver or -putty knife. Often used with caulk around window and door rough openings Housewrap — Installed over exterior sheathing. Must be sealed with housewrap tape or caulk to form an airtight seal. Resists water but is not a vapor barrier. (Mainly used in unfinished crawl spaces) Polyethylene plastic — This i...
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