Writer’s Block—-I’m going with that as the excuse for my extended absence. To push through the block…I am re-posting a previous blog post, except with all of the numbers current. If you want to see how it compares to the post in September of 2009, CLICK HERE
Ashland Oregon Real Estate Statistics as compiled from Southern Oregon MLS on March 25, 2011.
Currently there are 218 Residential listing in the city of Ashland. 41 Pending sales, and 22 places closed escrow in the last month. That actually is pretty good news as far as I am concerned. An absorbtion rate (length of time at current sales volume for inventory to run out) of just about 10 months is really pretty good in the current market. The breakdown goes like this:
- 32 Listings under $250k with 17 pending sales and 13 closed transactions last month…absorption rate of 2.5 months.
- 47 Listings between $250k-350k with 12 pending sales and 5 closed transactions last month…absorption rate of 9.4 months.
- 50 Listings between $350k-500k with 6 pending sales and 3 closed transactions last month…absorption rate of 16.7 months.
- 37 Listings between $500k-750k with 3 pending sales and 1 closed transactions last month…absorption rate of 15 months.
- 24 Listings between $750k-1 million with 2 pending sales and zero closed transactions last month…absorption rate of 24 months.
- 28 Listings over $1 million with 1 pending sale and zero closed transaction last month….absorption rate of 56 months.
(For those who want to do the math with me—I am calculating each pending sale as a half a sale for the purpose of absorption rate on the prices above $500k. Kinda need to do this to avoid having to divide by Zero…which just give me a big ‘ol E on the calculator. For those who don’t know what I am even talking about…ignore the stuff between the parenthesis)