Gig Harbor Market Condition Report
February 24, 2010
Homes
Price Range
For Sale
# Pending
Ratio
Type of Market
$100000 - 200000
4
3
75%
Sellers
$201000 - 300000
69
29
42%
Buyers
$301000 - 400000
98
11
11%
Buyers
$401000 - 500000
64
23
36%
Buyers
$501000 - 600000
85
7
8%
Buyers
$601000 - 700000
46
11
24%
Buyers
$701000 - 800000
28
7
25%
Buyers
$801000 - 900000
25
2
8%
Buyers
$901000 - 999999
19
0
0%
Buyers
Over $1,000,000
74
3
4%
Buyers
Grand Total
512
96
19%
Buyers
Absorption Rate
February 24, 2010
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
2.67
4.00
12.00
$201000 - 300000
69
7.20
8.63
10.35
$301000 - 400000
98
8.58
8.52
8.91
$401000 - 500000
64
7.76
8.00
14.77
$501000 - 600000
85
18.21
20.40
31.88
$601000 - 700000
46
21.23
30.67
69.00
$701000 - 800000
28
16.80
18.67
14.00
$801000 - 900000
25
33.33
50.00
75.00
$901000 - 999999
19
28.50
28.50
#N/A
Over $1,000,000
74
63.43
88.80
74.00
Grand Total
512
12.24
13.59
17.66