Real Estate Update for Windhaven & Castlemere
Activity is very good in both neighborhoods, take a look at the absorption rate under inventory analysis.
This is a very good indicator of how fast your home will sell. It takes the total sales units and divides by the
total inventory for a year. You see there is only a two month supply of homes for the absorption rate. A normal inventory is 4-5 months. Also take a look at the median sales price - there is a 11% increase from last year. Median Days on market is around 30 days. Of course, this depends on the location, condition and pricing of the home. This is an example of two neighborhoods that are doing well.
[where:75093, Real Estate Update, Windhaven, Castlemere]