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Yuma Arizona Local Real Estate Market Analysis
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What is the Market Absorption Rate?
The Market Absorption Rate is a way for us to tell how long our current inventory would last if we were not to add another listing to what we already have. We can calculate how many months it would take us to sell the number of homes we currently have on the market. Yuma County has 1,402 homes on the market today (04/03/08) - we have sold an average of 114 homes per month over the last 6 months. Using those numbers, we have enough inventory in our current market to last 12 months.
Active residential homes on the market as of 04/03/08: 1,402
(includes single family, condos/townhomes, mobile homes/manufactured homes, and new construction)
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March ‘08 |
March ‘07 |
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Total sold |
121 |
206 |
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Average price of sold |
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List price |
$167,602 |
$200,724 |
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Sold price |
$161,098 |
$192,372 |
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High list price |
$499,000 |
$725,000 |
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High sales price |
$425,000 |
$630,000 |
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Low list price |
$45,000 |
$65,000 |
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Low sales price |
$40,100 |
$59,000 |
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Average DOM |
126 |
115 |
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New listings for March 08 |
306 |
No data available |
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Average price of new listings |
$253,873 |
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High list price |
$1,300,000 |
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Low list price |
$64,900 |
Please take note that these numbers are averages and includes all of Yuma County (Wellton, Dome Valley, Somerton, San Luis, etc.). If you would like specific information about your neighborhood, please let me know.
**Information gathered from Yuma MLS**
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