Ventnor Statistics May 2008 comparison to May 2009
June 15, 2009
Statistics
Ventnor NJ 08401
-Units for Sale May 2008 was 533 compared to 532 in May 2009, a decr. of 1 units
-Units UCT May 2008 was 15 compared to 18 in May 2009, an increase of 3 units
-Units Sold May 2008 was 14 compared to 11 in May 2009, a decrease of 3 units
-Absorption May 2008 was 31 compared to 27 in May 2009, decrease of 4 months
Absorption rate is a calculation of how long it will take for all the homes on the market to be sold, or absorbed, at the current rate of sales. Above is a one year comparison of the number of months of inventory on hand.
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