Gig Harbor Market Condition Report
May 28, 2009
Homes
Price Range
For Sale
# Pending
Ratio
Type of Market
$100000 - 200000
7
5
71%
Sellers
$201000 - 300000
58
16
28%
Buyers
$301000 - 400000
96
26
27%
Buyers
$401000 - 500000
91
24
26%
Buyers
$501000 - 600000
87
9
10%
Buyers
$601000 - 700000
72
5
7%
Buyers
$701000 - 800000
61
4
7%
Buyers
$801000 - 900000
34
2
6%
Buyers
$901000 - 999999
30
3
10%
Buyers
Over $1,000,000
100
2
2%
Buyers
Grand Total
636
96
15%
Buyers
Absorption Rate
May 28, 2009
Months of inventory
Months of inventory
Months of inventory
based on the
based on the
based on the
Homes
sales of the last
sales of the last
sales of the last
Price Range
For Sale
12 Months
6 Months
3 Months
$100000 - 200000
7
4.94
5.25
4.20
$201000 - 300000
58
7.73
8.09
6.44
$301000 - 400000
96
10.02
11.76
10.29
$401000 - 500000
91
16.30
14.76
13.00
$501000 - 600000
87
20.88
34.80
32.63
$601000 - 700000
72
26.18
27.00
21.60
$701000 - 800000
61
43.06
73.20
45.75
$801000 - 900000
34
37.09
40.80
34.00
$901000 - 999999
30
60.00
180.00
90.00
Over $1,000,000
100
63.16
200.00
150.00
Grand Total
636
17.96
20.97
17.50