HOW FAST ARE HOMES SELLING?
Tuesday, December 09, 2008
Based upon the number of homes sold in the past 3 months in 3 price ranges (during Sept 1-Dec 1), we can guess how fast we will sell the total inventory of homes presently being offered in MLS. Here is the calculated number of months to sell or absorb the inventory of all the homes for sale now:
City Homes Corvallis Albany
$ 200-300,000 6 months 12 months
$ 300-500,000 13 months 12.5 months
$ 500-750,000 13.5 months 10.5 months