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Real Estate Blog
 Little Rock, AR Real Estate Blog 
Wednesday, 17 December 2008

Saline County – November Market Analysis and Absorption Rate Figures

 

The numbers in the chart below represent Saline County’s Active Listings, Listings Under Contract, and Sold Listings during the month of November.  Saline County’s absorption rate is 9.6 right now.  Absorption Rate is determined by dividing the total number of Listings by the Solds in any one month period.  Absorption Rate tells us that if nothing else were Listed and Market Conditions stayed the same, it would take consumers (9.6 months) to absorb all of the Listing inventory.

 

November Market Analysis - Saline County (Sold Homes Data - 11/1/2008 - 11/30/2008)

 

 

Status

Class

Type

Area

No. of Listings

Dollar Volume

Average Price

Median Price

Average DOM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Active Listings

845

$185,016,095

$218,954

$179,500

137

Listings Under Contract

122

$17,486,957

$143,336

$131,200

84

Listings Sold Nov. 2008

88

$13,586,555

$154,393

$136,450

91

 

 

 

 

 

 

 

 

 

Sold

 

 

 

 

 

 

 

 

 

Residential

 

 

 

 

 

 

 

 

 

Detached

 

 

 

 

 

 

 

 

 

LIT - SOUTHWEST LITTLE ROCK (SOUTH)

1

$80,000

$80,000

$80,000

53

 

 

 

BRYANT

26

$4,098,055

$157,618

$142,750

58

 

 

 

BENTON

30

$3,350,100

$111,670

$103,150

75

 

 

 

SHERIDAN SCHOOLS (SALINE COUNTY)

2

$380,000

$190,000

$190,000

232

 

 

 

BAUXITE

4

$589,000

$147,250

$152,250

131

 

 

 

HARMONY GROVE

5

$753,100

$150,620

$141,100

124

 

 

 

HOT SPRINGS VILLAGE (FOUNTAIN LAKE SD)

13

$3,436,900

$264,377

$230,000

176

 

 

 

Sub Total

81

$12,687,155

$156,632

$137,900

95

 

 

Mobile/Mod/Mfg w/Property

 

 

 

 

 

 

 

 

 

BENTON

1

$72,500

$72,500

$72,500

85

 

 

 

SHERIDAN SCHOOLS (SALINE COUNTY)

2

$66,000

$33,000

$33,000

69

 

 

 

Sub Total

3

$138,500

$46,167

$50,000

74

 

 

Rural Residential

 

 

 

 

 

 

 

 

 

BENTON

1

$179,900

$179,900

$179,900

77

 

 

 

Sub Total

1

$179,900

$179,900

$179,900

77

Sold Before Listed

 

 

 

 

 

 

 

 

 

Residential

 

 

 

 

 

 

 

 

 

Detached

 

 

 

 

 

 

 

 

 

BRYANT

2

$206,000

$103,000

$103,000

0

 

 

 

HOT SPRINGS VILLAGE (FOUNTAIN LAKE SD)

1

$375,000

$375,000

$375,000

0

 

 

 

Sub Total

3

$581,000

$193,667

$141,000

0

 

POSTED BY: Truman Ball & Associates AT 02:52 pm   |  Permalink   |  0 Comments  |  E-mail this
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