Nov. 2009-SF Weston Homes and TH/Condos Market Update
December 1st, 2009 categories: Market Update
Weston,Fl. Single Family Homes Nov. 09
Weston,Fl. Single Family Homes Nov. 09
Months of Inventory based on PS= 1.23 months
Months of Inventory based on CS= 5.8 months
The percentage of Short Sales in PS status is extremely high, this number has been increasing as time goes by. The number of pending sales keeps piling up. If you compare it with August’s Data the change in the market is remarkable.
Weston,Fl Condos/Town Homes Nov. 09
Months of Inventory based on PS= 1.3 months
Months of Inventory based on CS= 8.2 months
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.
