Market Report Titusville FL 4/6/09 - With Absorption Rate This is a short report which covers all of Titusville - MLS areas 102, 103 and 104 starting near HWY 46 to Kings HWY on the south end. I do specific reports on each of the MLS areas separately as the dynamics are different for each MLS area. There are currently 706 activelistings in TitusvilleThere are currently 116 properties under contractThere have been 244 closings in the past 6 months There are fewer listings than the last report and more properties are under contract. Number of closings in the past 6 months remains virtually unchanged. ABSORPTION RATE Simply stated it will take 17.36 months to absorb the inventory of properties for sale at the current levels. This is an improvement over the 20.43 months indicated in the...
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