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Home > Market Trend for Big Bear October 2019

Market Trend for Big Bear October 2019

November 13, 2019 by jbrayton

Big Bear Real Estate Trend For October 2019

The number of weeks it takes to sell current inventory at present rate of sales is the absorption rate and is used as a way to track the “trend” of the market.
The figures used here are per Big Bear Multiple Listing Service.
What information from the MLS is needed for this Big Bear real estate market snapshot?
  1. Number of listings (residential) all that are listed as Active, Contingent, Pending (in escrow) & Back-Up status (a contract on the property with a contingency) 625
  2. The number of sold properties for the previous month. 107
    Number that sold last month, 141 X 12 (months in a year) = 1692 divided by 52 (weeks in a year) =33.
  3. then divide by number of listings, 625 to arrive at Absorption Rate of 19 Weeks

Filed Under: Absorption Rate, Listings, Real Estate Trends

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Jane Brayton
(909) 915-4980
P.O. Box 1514
Big Bear Lake, CA 92315
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