Dayton Valley Nevada Real Estate Market Update: May 2009
By Christianne O'Malley, Exceptional Service - Delivering Results in Reno!
Today there are 136 homes for sale in the Dayton Valley area. This is down from 146 homes available for sale from a month ago. Of the 136 homes available for sale, 21 are bank owned and 27 are short sale. That means 51 - or 35% - of the market is distressed. How is the absorption rate looking for Dayton? Let's take a look... Dayton currently has 136 homes on the market. In May, 28 homes sold 136 / 28 = 4.85 months In April, the absorption rate was 6.6 months. In March, the absorption rate was 10.55 months. In February, the absorption rate was 14.46, and in January, the rate was 20.42. We now have 5 months of trend where the absorption rate is dropping in Dayton! This is great news! Believe it or not, an absorption rate below 5 months is actually considered an inventory shortage! Do you ...