Market Report for Vista Mesa – May through July 2008 Absorption Rate: 2.33% Home Inventory: 3 months List Price vs. Sale Price Ratio: 96.9% Average List Price in Vista Mesa: $195,176 Search the Pikes Peak MLS To find out more about Colorado Springs Realty and the Colorado Springs Area contact me or visit my website.
Market Report for University Park May – July 2008 Absorption Rate: 2.33% Home Inventory: 6 months List Price vs. Sale Price Ratio: 96.4% Average List Price in University Park: $362,814 Search the Pikes Peak MLS To find out more about Colorado Springs Realty and the Colorado Springs Area contact me or visit my website.
When buying a home it is important to consider what the list price vs. sales price ratio is. Why is this statistic important? This ratio gives you an indicator of the percentage of the original list price people are paying for the homes in a given area. Let’s look at a scenario, if you have […]
Absorption rates are very handy in determining how a certain market is doing and giving an idea how long an average house will take to sell. Absorption rates are determined by a simple formula of the number of homes for sale on the market divided by the number of homes sold in a month, week etc. […]