This was an encouraging chart to make. This shows the West Pasco Single Family market only has 7 months inventory on the market. The absorption rate has definitely picked up, as not too long ago, there was a years worth of inventory on the market. And if that is not enough good news for you, the number of sold properties has increased 33% in comparison to Oct 2008.
Total sales last October 2008 was 260 in the West Pasco Single Family Market, which are just about the exact same amount as were sold this October 2009 but under Normal Conditions. As you can see in the chart above, 253 homes sold normally, compared to 155 last year. that is an increase of 63% year over year. Meanwhile the number of Distressed sales actually fell year over year. from 105 last year to 95 this year
All information provided is deemed reliable but is not guaranteed and should be independently verified.
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