Fremont Market Data: In-Out analysis & Absorption rate
By Jane Pacheco
(Pacheco Realty & Financial Services)
IN-OUT ANALYSIS Homes sales in Fremont for the month of October sustained its level from the previous month. By sale type, regular sales still dominate the market. The month of October saw 264 new listings come into the market, which is similar to that of September. Regular sale listings continued its declining trend, so did REOs. On the other hand, short sale listings increased in October. ABSORPTION RATE As of 11/7/2010, per MLS, there are a total of 1,004 listings in Fremont. Using the past 3 month home sales as the current standard (there were 403 sales from Aug. – Oct.), it will take approximately 7.5 months to clear out the current inventory in Fremont. Interestingly, when broken down by sale type, short sale listings are going to take almost 20 months to absor...
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