Quick Home Search

Absorption Rates For The Big Bear Real Estate Market – April 2008

The time it will take to sell a house in Big Bear dropped by 10 months in April 2008.  With the pick up in home sales that we saw in March, the absorption rate for the Big Bear real estate market dropped from 32.72 months to sell to 22.80 months to sell.  This is encouraging news for home sellers though the market is still very heavily favored toward buyers.  The market will need to get closer to a 1-3 month absorption rate in order to get back to a sellers market. Now that we are heading into the spring and … [Read more...]