Barb Szabo's Blog: Absorption rate..What to expect in 2009 for Brecksville, Broadview Heights Ohio and Surrounding areas

Absorption rate..What to expect in 2009 for Brecksville, Broadview Heights Ohio and Surrounding areas

Below is a chart detailing the closed sales ('06,'07,'08) and monthly averages for 2008. The monthly average sales are as follows:

Monthly average sales
Brecksville 10
Broadview Heights 16
North Royalton 20
Seven Hills 9
Independence 3
Parma 67
Parma Heights 15
Garfield Heights 27

 

graph

Based on the above monthly averages, below you will find the approximate absorption rates, i.e how long it would take to deplete the current inventory.

 

Current # of listings Absorption Rate
Brecksville 109 10.9
Broadview Heights 155 9.6
North Royalton 175 8.7
Seven Hills 80 8.8
Independence 27 9
Parma 453 6.7
Parma Heights 129 8.6
Garfield Heights 355 13.1

If you are planning to sell your home soon, I hope this information will help you plan your move and price your home accordingly.

Please visit Barb Szabo for more information. I'd be happy to speak with you.

 

 

 

 

 

 

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If you would like to buy or sell a home in the southern communities of Cleveland Ohio, please call me at 440-263-7496, or you may want to visit my website for more specific information on the communities I service: Brecksville Ohio Real Estate, Broadview Heights Ohio Real Estate, North Royalton Ohio Real Estate Independence Ohio Real Estate, Seven Hills Ohio Real Estate, Parma Ohio Real EstateParma Heights Ohio Real Estate and Middleburg Heights Ohio Real Estate.  Information is obtained from Neohrex (Northeast Ohio Real Estate Exchange) and is deemed reliable but not guaranteed and should be independently verified. Properties subject to prior sale, rental, or other status changes. All properties that are advertised as being listed or sold by Barb Szabo are in conjuntion with ReMax Trinity.

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Comments

Hi Barb, hope you are keeping warm. Are you planning on upgrading to the new Active Blog format? Also, I like the graphs that you use in your posts.

Posted by Dan and Amy Schuman- Cleveland OH Luxury Real Estate (Howard Hanna Real Estate Services) over 3 years ago

Hi Dan. I am keeping warm but it's not easy! I did upgrade my blog but I still have to customize the header. My customize button was missing all week but it's back now. Have a great weekend.

Posted by Barb Szabo over 3 years ago

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