Here is a look at the real estate market activity in Fitchburg since June 1st, 2007.
What is the holding inventory or absorption rate in Fitchburg? How long would it take to sell a home?
How we calculate that data is:
- How many homes are selling in a month?
- Based on the current active inventory, how long would it take to sell?
So the average home sales in Fitchburg is 11.3 a month.
- 34 total sales since June 1st.
There are 158 current active listings for sale in Fitchburg. If we said no more listings are allowed to come on the market, with an average of 11.3 selling a month, it would take almost 14 months to absorb the existing inventory.
This would make the Fitchburg real estate market a buyer’s market.
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Filed under: fitchburg area, Fitchburg Real Estate, market stats, real estate, real estate trends
