As of March 31, 2009, there are 443 homes for sale in Carson Valley. The total number of homes available for sale continues to decrease. Two months ago, there were 485 homes for sale, and 5 months ago, there were 574.
Of the 443 homes available for sale, 27 are bank owned and 48 are short sale. That means that 75 homes are distressed, equating to 16.9% of the market. That is a significant decrease from my last market analysis post 60 days ago where distressed properties made up 19.1% of the market.
Today, there are 96 properties under contract / pending in the Carson Valley. So how does this affect the absorption rate? Let’s take a look…
- The Carson Valley currently has 443 homes on the market.
- In March, 39 homes sold
- 443 / 39 = 11.39 months
We are still quite a ways away from a “normal” market of 5-7 months, but we’re heading in the right direction!
(Our data is from the NNRMLS, exclusing all shared ownership or manufactured housing in Area 300.)