Johnson Ranch Market Report May 2015
By Karen Berg, Experience Matters!
(Queen Creek Realtor, San Tan Valley Realtor, United Brokers Group (602)919-2375)
Johnson Ranch Market Report May 2015The real estate market in Johnson Ranch is going strong in 2015. Sold home prices in 2015 continue to rise from the previous year and the average sold price so far for 2015 was $175,541. The days on market have moved down since May of 2014 to 67 days. The absorption rate for May was 3.42 and this number tells us that we are currently experiencing a bit of a seller’s market in the Johnson Ranch neighborhood. If you are a home buyer, then the absorption rate will be important for you to consider when writing an offer on a home. If you are a home seller, then the absorption rate will be important for you to consider when pricing your home for sale.Absorption Rates Defined:1 – 4: If the absorption rate falls in the range of 1 to 4, then we consider that a...
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