http://wilmingtonrealestatestats.com Getting Down and Dirty with the Numbers Tue, 13 May 2008 20:33:30 +0000 http://wordpress.org/?v=MU http://wilmingtonrealestatestats.com/wilmington-absorption/#comment-283 FCL Thu, 03 Jan 2008 15:58:41 +0000 http://wilmingtonrealestatestats.com/2007-reports/#comment-283 Hi Donna - most recent numbers show October 2007 as 40%, November 2007 as 54% and December 2007 as 43%. This would mean December this year is not only is considerably lower than previous years but also breaks the long-standing trend of a through-the-roof absorption rate in the last month of the year (due to consistent closings happening from contract earlier in the yera coupled with less homes listed during the holidays). However today is just Jan 3rd, so I expect December's final numbers to look different when I pull them later this month since Realtors often lag entering data into the MLS :) Hi Donna - most recent numbers show October 2007 as 40%, November 2007 as 54% and December 2007 as 43%. This would mean December this year is not only is considerably lower than previous years but also breaks the long-standing trend of a through-the-roof absorption rate in the last month of the year (due to consistent closings happening from contract earlier in the yera coupled with less homes listed during the holidays). However today is just Jan 3rd, so I expect December’s final numbers to look different when I pull them later this month since Realtors often lag entering data into the MLS :)

]]> http://wilmingtonrealestatestats.com/wilmington-absorption/#comment-282 Donna Grady Thu, 03 Jan 2008 04:55:50 +0000 http://wilmingtonrealestatestats.com/2007-reports/#comment-282 The absorption rate for October 07 was 38% and Oct 06 was around 56%. So that means that we are really down in sales for 07 compared to Oct 06? When will you know the absorption rates for Nov and Dec. so we can see if there were steady sales over the holidays? Thanks. The absorption rate for October 07 was 38% and Oct 06 was around 56%. So that means that we are really down in sales for 07 compared to Oct 06? When will you know the absorption rates for Nov and Dec. so we can see if there were steady sales over the holidays? Thanks.

]]> http://wilmingtonrealestatestats.com/wilmington-absorption/#comment-217 waltdowdy Wed, 19 Dec 2007 18:47:06 +0000 http://wilmingtonrealestatestats.com/2007-reports/#comment-217 Great! Thanks! Great! Thanks!

]]> http://wilmingtonrealestatestats.com/market-definitions/#comment-216 FCL Wed, 19 Dec 2007 14:06:59 +0000 http://wilmingtonrealestatestats.com/market-types/#comment-216 Hey Walt. "Listings taken" refers to the number of new listings that came on the market. Thanks for asking! Hey Walt. “Listings taken” refers to the number of new listings that came on the market. Thanks for asking!

]]> http://wilmingtonrealestatestats.com/market-definitions/#comment-215 waltdowdy Wed, 19 Dec 2007 08:17:23 +0000 http://wilmingtonrealestatestats.com/market-types/#comment-215 Question on the absorption rate: "listings taken" - are you saying new listings that came on the market or the overall current inventory at the time? Question on the absorption rate: “listings taken” - are you saying new listings that came on the market or the overall current inventory at the time?

]]> http://wilmingtonrealestatestats.com/market-definitions/#comment-10 FCL Tue, 03 Jul 2007 14:29:11 +0000 http://wilmingtonrealestatestats.com/market-types/#comment-10 Sure. If there were 100 homes available and 25 homes sold over the past three months, then... (100/25)*3 = 12 ...there would be 12 months of inventory available. Another way of putting it is, if it take three months to sell 25 homes, it would take 12 months to sell 100. Sure. If there were 100 homes available and 25 homes sold over the past three months, then… (100/25)*3 = 12 …there would be 12 months of inventory available. Another way of putting it is, if it take three months to sell 25 homes, it would take 12 months to sell 100.

]]> http://wilmingtonrealestatestats.com/market-definitions/#comment-9 Inquiring Mind Tue, 03 Jul 2007 14:22:26 +0000 http://wilmingtonrealestatestats.com/market-types/#comment-9 Can you give me an example of calculating inventory level? Can you give me an example of calculating inventory level?

]]> http://wilmingtonrealestatestats.com/2007/06/27/absorption-update/#comment-4 Rose Browne Sun, 01 Jul 2007 01:56:01 +0000 http://wilmingtonrealestatestats.com/2007/06/27/absorption-update/#comment-4 Yikes! Those numbers look scary. I'd love to see a longer history of them. Yikes! Those numbers look scary. I’d love to see a longer history of them.

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