The 2nd quarter absorption report shows a 13.5 month supply of homes on the market. As you move up in the price range the longer it takes to sell a home. Homes under $400,000 are twice as likely to sell vs. homes priced greater than $400,000 in which there is a two year supply.Wednesday, July 20, 2011
2nd Quarter Galveston Island Statistics
The 2nd quarter absorption report shows a 13.5 month supply of homes on the market. As you move up in the price range the longer it takes to sell a home. Homes under $400,000 are twice as likely to sell vs. homes priced greater than $400,000 in which there is a two year supply.
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