Looking at the real estate market activity in Cottage Grove since June 1st.
What is the holding inventory or absorption rate in Cottage Grove? How long would it take to sell a home?
How we calculate that data is:
- How many homes are selling in a month?
- Based on the current active inventory, how long would it take to sell?
So the average home sales in Cottage Grove is 8.7 a month.
- 26 total sales since June 1st.
There are 106 current active listings for sale in Cottage Grove. If we said no more listings are allowed to come on the market, with an average of 8.7 selling a month, it would take 12.2 months to absorb the existing inventory.
This means Cottage Grove is definitely a buyer’s market.
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Filed under: cottage grove real estate, info, market stats, real estate
