May 2013 Market Update
Single Family Homes in Kits are selling across many different price categories. The absorption rate is at least 20% in every price category from $1 million to $2.4 million, with the median price sitting just under $1.6 million. The homes are selling in 26 days, which is down quite a bit from the 33 days last month. Interestingly, comparing this months Kits Detached market to May 2012’s market and they are VERY similar, as if things haven’t changed at all. This is probably due to the yearly affects of the Spring market, but we’ll keep our eye on it to see if next month follows the same pattern.
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