2009 BMR
Real Estate Recap
19 Solds! — only 17 in 2008!
17 less than $700k, 1 for $787,500, 1 for $953,500
2 Under Contract — listed at $450k, $550k
19 Active Listings! — 30 Actives in 2008!
9 are under $700k, 10 are above $700k
Absorption Rate—A formula to determine how long it will take to sell all of our Active Listings19 solds/12 months= 1.58 sales per month 19 Active Listings/1.58 = 12 Month Supply!!!
BMR had a 21 month supply in 2008
