Saline County - December 2008 Market Analysis and Absorption Rate Figures

Tuesday, 27 January 2009

The numbers in the chart below represent Saline County’s Active Listings, Listings Under Contract, and Sold Listings during the month of December. Saline County’s absorption rate is 8.56 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 (8.56 months) to absorb all of the Listing inventory. Homes in December of 2008 in Saline County sold for 97.7% of the list price.

December 2008 Market Analysis - Saline County (Sold Homes Data - 12/1/2008 - 12/31/2008)

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM


Active Listings				830	$182,388,763	$219,745	$175,450	141
Listings Under Contract				120	$16,091,615	$134,097	$129,900	94
Listings Dec. 2008				97	$14,702,928	$151,576	$138,900	92

Sold
	Residential
		Detached
			BRYANT	37	$5,937,191	$160,465	$146,200	96
			BENTON	24	$2,947,381	$122,808	$119,700	81
			PULASKI COUNTY - RURAL (SOUTH)	1	$80,000	$80,000	$80,000	8
			SHERIDAN SCHOOLS (SALINE COUNTY)	3	$455,400	$151,800	$149,900	94
			BAUXITE	8	$1,118,900	$139,863	$145,250	118
			GLEN ROSE	1	$40,000	$40,000	$40,000	16
			HARMONY GROVE	7	$840,804	$120,115	$99,900	155
			PULASKI SPECIAL (SALINE COUNTY)	1	$47,900	$47,900	$47,900	57
			HOT SPRINGS VILLAGE (FOUNTAIN LAKE SD)	6	$1,450,500	$241,750	$267,000	146
			Sub Total	88	$12,918,076	$146,796	$137,300	100
		Mobile/Mod/Mfg w/Property
			BRYANT	2	$130,000	$65,000	$65,000	51
			Sub Total	2	$130,000	$65,000	$65,000	51
		Rural Residential
			SHERIDAN SCHOOLS (SALINE COUNTY)	1	$155,000	$155,000	$155,000	22
			Sub Total	1	$155,000	$155,000	$155,000	22
Sold Before Listed
	Residential
		Detached
			BRYANT	2	$301,500	$150,750	$150,750	1
			SHERIDAN SCHOOLS (SALINE COUNTY)	1	$225,000	$225,000	$225,000	0
			HOT SPRINGS VILLAGE (FOUNTAIN LAKE SD)	3	$973,352	$324,451	$343,852	0
			Sub Total	6	$1,499,852	$249,975	$219,250	0

POSTED BY: Truman Ball & Associates AT 12:16 pm | Permalink | 0 Comments | E-mail this

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