December 2008 - Posts
I have just run the numbers for the North Okanagan Real Estate Market activity for the month of November, 2008 and this is how things shook out: Residential New Listings 97 Listings Sold 41 Median Price $349,000 Range $159,900 - $1,900,000 Days to Sell
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The current buzz statistic is Absorbsion Rate... To determine the Absorbsion rate, we look at the Inventory on hand in a given sector, and divide it by the current demand for that product- the number of Sales made in the matching time period. This gives
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Residential New Listings 139 Listings Sold 44 Median Price $376,000 Range $91,500 - $608,000 Days to Sell 97 Inventory 808 Hottest Neighbourhood East Hill Condo / Apartment New Listings 19 Listings Sold 5 Median Price $190,000 Range $124,000-$495,000
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