Murrieta CA Condo and Townhome Absorption Rates - May 11, 2012

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Real Estate Broker Owner with 3B Realty: BRE# 01864774 BRE# 01864774
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Murrieta CA Condo and Townhome Absorption Rates - May 11, 2012.

The Absorption Rate Trend chart (top) shows the twelve month absorption rate trend over the past several months for Murrieta Condos and Townhomes. When the green line is trending between 0-5 months, it's considered a Seller's Market. When the green line is between 5-7 months, it's considered a Stable Market. When the green line is above 7 months, then it's considered a Buyer's Market.Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you may want to know whether it’s a buyer’s market, a seller’s market, or a stable market.

In a buyer’s market, home buyers have the upper hand and can drive hard bargains for their dream home.

In a seller’s market, sellers have the advantage and can demand top dollar for their home.

In a stable market, the bargaining advantage is balanced between buyers and sellers.

The Absorption Rate Per Sold Price chart (center) compares the absorption rates for Murrieta Condos and Townhomes priced below the average sold price versus homes priced above the average sold price. This chart is useful for determining how many months a home may take to sell based upon its asking price. As you might expect, the chart suggests that homes priced below the average will sell sooner than homes priced above the average.

The Absorption Rate Trend chart (top) shows the twelve month absorption rate trend over the past several months for Murrieta Condos and Townhomes. When the green line is trending between 0-5 months, it’s considered a Seller’s Market. When the green line is between 5-7 months, it’s considered a Stable Market. When the green line is above 7 months, then it’s considered a Buyer’s Market. 

The Absorption Rate Per Sold Price chart (center) compares the absorption rates for Murrieta Condos and Townhomes priced below the median sold price versus homes priced above the median sold price. This chart is useful for determining how many months a home may take to sell based upon its asking price. As you might expect, the chart suggests that homes priced below the median will sell sooner than homes priced above the median. 

The Absorption Rate Per Square Foot Price chart (bottom) compares the absorption rates for sold Murrieta Condos and Townhomes priced below the average square foot price versus homes priced above the average square foot price. As with the Absorption Rate Per Sold Price chart (center), this chart also suggests that homes priced below the average will sell sooner than homes priced above the average.

The Absorption Rate Per Square Foot Price chart (bottom) compares the absorption rates for sold Murrieta Condos and Townhomes priced below the median square foot price versus homes priced above the median square foot price. As with the Absorption Rate Per Sold Price chart (center), this chart also suggests that homes priced below the median will sell sooner than homes priced above the median.

Follow the link for info on Murrieta Condo and Townhome Price Trends.

Follow the link to view my list of Murrieta Condos and Townhomes for Sale.

UNDERSTANDING ABSORPTION RATES

How can you determine whether it’s a buyer’s market or a seller’s market? By looking at housing market absorption rates.

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Topic:
Real Estate Market Trends
Location:
California Riverside County Murrieta
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Rainmaker
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Bill Burchard
Broker, Realtor - Murrieta Homes For Sale, Califor
3B Realty: BRE# 01864774

More about me: I’m Bill Burchard, a real estate broker licensed by the California Department of Real Estate (Lic: 01864774). I specialize in Murrieta homes for sale, including bank foreclosures (REO properties) and short sales. I also specialize in Greer Ranch homes for sale, the community where I live. I serve the real estate needs of both home buyers and home sellers in Greer Ranch and in Murrieta, CA.

If you want more information about buying or selling Murrieta real estate, or if you want more information about my Greer Ranch Community (including properties for sale), please contact me, Bill the Murrieta Broker, by phone or text at (951) 347-3818, or email me at Bill@my3BRealty.com.

May 12, 2012 07:27 AM
Rainmaker
995,298
Bill Burchard
Broker, Realtor - Murrieta Homes For Sale, Califor
3B Realty: BRE# 01864774

More about Murrieta, CA: The City of Murrieta is a young vibrant community cradled in the junction of the 15 and 215 freeways in southwest Riverside County. Murrieta lies on the northern border of Temecula, CA, famous for its Temecula Wine Country.   Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774, Cell: 951-347-3818, Email: Bill@my3BRealty.comMore about Murrieta, CA: The City of Murrieta is a young vibrant community cradled in the junction of the 15 and 215 freeways in southwest Riverside County. Murrieta lies on the northern border of Temecula, CA, famous for its Temecula Wine Country.

Follow the link to view my list of Murrieta Single Family Homes for Sale.
Follow the link to view my list of Murrieta Condos and Townhomes for Sale.

Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774,
Cell: 951-347-3818, Email: Bill@my3BRealty.com

May 12, 2012 07:27 AM
Rainmaker
995,298
Bill Burchard
Broker, Realtor - Murrieta Homes For Sale, Califor
3B Realty: BRE# 01864774

More about Bear Creek, Murrieta CA: The Bear Creek Community is a fully developed, meticulously well-maintained guard-gated neighborhood, featuring a wide range of homes, from condominiums and villas, to spacious single family homes and magnificent estates. Fashioned around a Jack Nicklaus Signature Golf Course, many homes have gorgeous views of pristine fairways and greens. Located in Murrieta, CA, Bear Creek is a wonderful place to live and play, and to raise a family.  Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774, Cell: 951-347-3818, Email: Bill@my3BRealty.comMore about Bear Creek, Murrieta CA: The Bear Creek Community is a fully developed, meticulously well-maintained guard-gated neighborhood, featuring a wide range of homes, from condominiums and villas, to spacious single family homes and magnificent estates. Fashioned around a Jack Nicklaus Signature Golf Course, many homes have gorgeous views of pristine fairways and greens. Located in Murrieta, CA, Bear Creek is a wonderful place to live and play, and to raise a family.

Follow the link to view my list of Bear Creek Homes and Condos for Sale.

Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774,
Cell: 951-347-3818, Email: Bill@my3BRealty.com

May 12, 2012 07:27 AM
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Bill Burchard

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