Algiers Point Home Sales and Real Estate Absorption Rates for August 2008
August 18, 2008 by Lisa Heindel
Filed under Algiers Point, Blog, Market Updates
The following report is for the Algiers Point neighborhood only
- The overall supply of homes for sale in Algiers Point dropped again from 8.3 months in July to 5.5 months as of today, a marked improvement for the last couple of months.
- Most of this drop can be attributed to fewer homes coming on the market in Algiers Point and some sellers taking their homes off of the market, although the 90 day sales history has crept up from 8 in June to 9 in July to 12 in August.
Remember, these odds are an estimates, not a guarantee that your home will sell in this time frame.
For more details about absorption reports, read What Is A Real Estate Absorption Rate? For local, expert advise on preparing your Algiers Point home for sale and how to price it to move in today’s West Bank real estate market, contact Lisa Heindel.
Copyright 2008. Lisa Heindel and West Bank Living All rights reserved.
[...] The following absorption report is for the entire 70114 zip code. Since there is a niche market in the Point, a separate report is available for Algiers Point absorption rates. [...]