Absorption Rate for Brecksville, Broadview Heights Ohio and Surrounding Communites
Below is a chart detailing the closed sales ('06,'07,'08) and monthly averages for 2008. The monthly average sales are as follows:
Brecksville 10
Broadview Heights 16
North Royalton 20
Seven Hills 9
Independence 3
Parma 67
Parma Heights 15
Garfield Heights 27
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.
Brecksville 109 listings 10.9
months
Broadview Heights 155 listings 9.6
months
North Royalton 175 listings 8.7
months
Seven Hills 80 listings 8.8 months
Independence 27 listings 9
months
Parma 453 listings 6.7
months
Parma Heights 129 listings 8.6
months
Garfield Heights 355 listings 13 months
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.