Gig Harbor Market Condition Report
August 20, 2008
Homes
Price Range
For Sale
# Pending
Ratio
Type of Market
$100000 - 200000
4
0
0%
Buyers
$201000 - 300000
57
15
26%
Buyers
$301000 - 400000
115
24
21%
Buyers
$401000 - 500000
108
6
6%
Buyers
$501000 - 600000
94
16
17%
Buyers
$601000 - 700000
99
2
2%
Buyers
$701000 - 800000
89
4
4%
Buyers
$801000 - 900000
55
0
0%
Buyers
$901000 - 999999
34
2
6%
Buyers
Over $1,000,000
115
6
5%
Buyers
Grand Total
770
75
10%
Buyers
Absorption Rate
August 20, 2008
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
4
4.36
4.00
2.40
$201000 - 300000
57
11.21
9.24
8.14
$301000 - 400000
115
10.95
10.95
10.78
$401000 - 500000
108
14.40
13.50
15.43
$501000 - 600000
94
18.80
17.09
14.10
$601000 - 700000
99
39.60
31.26
29.70
$701000 - 800000
89
41.08
38.14
29.67
$801000 - 900000
55
41.25
47.14
33.00
$901000 - 999999
34
51.00
34.00
34.00
Over $1,000,000
115
43.13
46.00
34.50
Grand Total
770
20.09
18.63
16.99