In July I posted the statistics that demonstrated the current health of the Condominium market in Falmouth, MA (Cape Cod). Here is an update of the same statistics: July October Units on the market 55 55 Average sales per month 3.7 3.4 Our absorption rate 15.3 16.2 (The number of months that it would take for all condos presently on the market to be sold) A balanced market is around 5 months. This is down from 18 months in May.) Sales % of original list price ...
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