- Blog Archive: June, 2011 | Page #3

May Update From Short-Term Rental Land…

May sales recorded 288 closings which was down 13% down on the April total of 325 sales. Total inventory levels across the 200 plus short term rental communities tracked by team Donovan fell by 170 homes last month to revise the month end inventory figure to 1301 homes available for purchase. The average days on market that a home now takes to sell was unchanged at 148 days with the average percentage price achieved of sold homes down slightly at 95.2% representing a 0.3% adjustment from last months figure. The number of homes remaining under contract awaiting closure recorded as 1100 which was little changed from the April pending figure of 1085. During the month 110 homes withdrew from the market having been unable…