- calendar_month October 17, 2022
- folder ABSORPTION RATE
Hot hot hot! Canola Park, from statistics, is a major sellers market. There is currently only 10 active listings at a median price of $689,950. The median price per square foot comes in at $546.
Homes on this market do not sit for too long! A total of 7 homes were sold at a median price of $660,000. The average days on the market is roughly about 18 days!
When considering absorption rate we can clearly see that this market is the pure definition of a sellers market. To get this rate, we take the amount of homes sold and divide them by the amount of homes currently active on the market. This gives us a whopping 70% absorption rate!