Market Absorbtion Rate for Quincy.
How is the Housing Market shaping up in Quincy?
The current absorbtion rate for the City of Quincy is as follows.
Single Family Homes is at 6.89. What this means is that the supply of homes on the market currently consist of almost a 7 month supply of homes. So, it should take 7 months to sell all the homes currently on the market, and can go up if more properties come on the market than sell. These numbers will go down if more properties are selling than come on the market.
Condos are at 5.32, meaning a 5 1/2 month supply of condos currently on the market. The condo market has been active lately and I feel the supply is going to continue to decrease.
Multi-unit housing is at a wopping 16 month supply. The Multi market has been slow as of late, but should change as the Spring Market is now here. Also, as Single prices increase, more first time buyers will look to multi unit housing.
The current absorbtion rate for the City of Quincy is as follows.
Single Family Homes is at 6.89. What this means is that the supply of homes on the market currently consist of almost a 7 month supply of homes. So, it should take 7 months to sell all the homes currently on the market, and can go up if more properties come on the market than sell. These numbers will go down if more properties are selling than come on the market.
Condos are at 5.32, meaning a 5 1/2 month supply of condos currently on the market. The condo market has been active lately and I feel the supply is going to continue to decrease.
Multi-unit housing is at a wopping 16 month supply. The Multi market has been slow as of late, but should change as the Spring Market is now here. Also, as Single prices increase, more first time buyers will look to multi unit housing.






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