SEPTEMBER 2006 CURRENT RMLS STATISTICS MARKET UPDATE
80 Average days on market
43% More listing on the market than 1 year ago totaling 60663.
41% Of the inventory that has sold in last 30 days has had a price adjustment
5.3 Months Absorption Rate=the time it would take for all the listings to sell if no more homes were put on the market
8 For every sale that takes place, there are 6 more homes that haven’t sold
18 Showings for every home that sells (From Edina Realty appt center statistics)