Virginia Beach Real Estate Market Report with Months Supply and Absorption Rate

filed under: Real Estate posted on February 28th, 2009

Below are the statistics for Virginia Beach Real Estate for the month of January 2009.

Key terms:

Absorption Rate: Total number of Virginia Beach real estate listings sold in last 12 months divided by 12.

Months Supply of Inventory: is the number of months it would take under the current absorption rate to sell all active Virginia Beach real estate listings.

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Market report below courtesy of Real Estate Information Network. Deemed accurate at time of posting but not guaranteed.

Virginia Beach Real Estate Quick View with Months Supply and Absorption Rate

Current Virginia Beach real estate Residential Listings

# Units	YR/YR %	# Units	YR/YR %
Active	chg Units	pending	chg $

3601	4.35%	332	-22.79%

Sold Virginia Beach real estate Residential Listings Information

# Units	YR/YR %	Median Sale Price	YR/YR %	Current Mos	Current Absorption
Sold	chg Units	Sold Residential	chg $	Inventory	Rate Monthly

221	-43.77%	$230,000	-8%	8.12	443.42

posted by Dennis Blackmore

This entry was posted on Saturday, February 28th, 2009 at 11:17 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.