Nov. 2009-SF Homes Market Update Pembroke Pines West (of I-75)
December 1st, 2009 categories: Market Update, Pembroke Pines, Tips For Buyers
Nov. 2009 Single Family Homes Inventory
Months of Inventory based on PS= 1.04
Months of Inventory based on CS= 7
Short Sales are still affecting the market in high proportions. There is an interesting contrast between pending sales (64%) and closed properties (27%) that are SS.
The GAP between the months of Inventory based on PS and CS are due to fact that pending short sales.
Active-Number of Properties for Sale
PS-Properties Under Contract/Pending Sales and in Back Up Status (Open to receive Back Up offers)
CS-Transactions Closed/Closed Sales
SS-Short Sales
REO-Foreclosures
REG-Regular Sales
Months of Inventory are calculated dividing Active between CS and PS
Under 6 Months=Seller’s Market
Between 6-9 Months=Balanced Market
More than 9 Months=Buyer’s Market
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If you are interested in buying or selling Real Estate in South Florida, please call me at (954) 588-7260 or contact me.
