Green Valley AZ April 2014 Real Estate Statistics
By Judi Monday, CRS-Green Valley AZ Expert, Green Valley Arizona R
(RE/MAX Valley Properties)
For the very latest on all things Green Valley AZ Real Estate--follow Judi on Magnificent Mountain Views In Canoa Ranch: Virtual Tour Real Estate sales in April 2014 continue to trail behind 2013 with 105 sales as compared to 131 in April 2013, an almost 20% drop. Year to date (YTD) there have been 359 sales as compared to 455 for the same time period last year, a 21% decrease. The slow sales are definitely having an impact on the "absorption rate" which has to do with demand. It is the rate at which the market absorbs the inventory of homes that are for sale--in other words how fast are homebuyers buying the homes that are available. In April the absorption rate was 12.19 and 11.8 for YTD. According to the National Association of Realtors, a Seller's market occurs when there are le...
Comments
1