Here is a look at the real estate market activity in Sun Prairie since June 1st, 2007.
What is the holding inventory or absorption rate in Sun Prairie? 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 Sun Prairie is, 6 a month.
- 18 total sales since June 1st.
There are 189 current active listings for sale in Sun Prairie. If we said no more listings are allowed to come on the market, with an average of 6 selling a month, it would take 31.5 months to absorb the existing inventory.
This means Sun Prairie is definitely a buyer’s market.
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Filed under: Dane County Real Estate, Market Info, Real Estate, Sun Prairie Area, Sun Prairie Real Estate
