Weston Real Estate Single Family Homes Sold September 2009
September 30th, 2009 categories: Market Update, Tips For Buyers, Tips for Sellers
33.3% of Single Family Homes Closed Cash
As of Sept. 30th 2009 these are the number of closed sales and active listings reported in the MLS. Some additional sales might be updated in the next few days.
As we can see even though only 3% of the active listings are Foreclosures the market look eagerly for them, they last in average less than 1 month in the market. Sometimes only days receiving multiple offers.
The number of cash transactions is amazing! A total of 17 transactions closed CASH. A few properties closed above listed price.
Based on Closed Sales we have 7.23 Months of Inventory (Balanced Market)
Single Family Homes
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How Weston Real Estate Market Compares? 2nd Quarter 2009
July 21st, 2009 categories: General RE Info, Market Update, Tips For Buyers, Tips for Sellers
Months of Inventory June 09-Weston Florida
There are no set rules to determine how a real estate market will perform in the future, the industry uses Months of Inventory based on Closed Sales (total inventory divided by the number of houses sold per month) as a guideline. Months of Inventory based on Closes sales is a much powerful indicator that the traditional “Days on the Market” used to measure the length of time a property may remain on the market.
Seller’s Market or Buyer’s Market?
Months of Inventory also let’s us track if the market is balanced, leaning toward sellers or buyers, in a concrete way. If the market keeps on that trend of activity it calculates the number of months it would take for the market to deplete the currently active inventory. It is generally agreed that areas with 6 to 9 months of inventory are considered to have a normal or balanced market. Areas with more than 9 months of Inventory are referred to as buyer’s markets, while areas with less than 6 months of inventory are considered to be a seller’s market.
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