Today there are 188 homes for sale in the Dayton Valley area. Of the 188 homes available, 81 are distressed (either short sales or bank owned properties). That means 43.1% of the market of available homes is distressed. This is substantially higher than Carson City at 27.7% and the Carson Valley at 17.9%.
Compared to January’s Dayton numbers, this market is looking much better. In January, there were 245 homes on the market and 53% of the market was distressed.
How is the absorption rate looking for Dayton? Let’s take a look…
- Dayton currently has 188 homes on the market.
- In February, 13 homes sold
- 188 / 13 = 14.46 months
- Dayton is a â€˜buyers marketâ€™ – no big surprise right?
In January, the absorption rate was 20.42, so the decrease in inventory made a tremendous difference from January to February. The 20% reduction in active listings makes the market look much more healthy. 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, Pulled all Active listings, Dayton Valley area (Area=420, 416, 414, 412, 410, 402.)