Note: These charts represent the last 12-months of activity on residential real estate in New River.
New River Home Prices:
(12 Month History)
- 727500.00,692000.00,730000.00,672500.00,681950.00,675000.00,670000.00,684000.00,670000.00,650000.00,670000.00,698750.00
- 657450.00,675000.00,604450.00,672500.00,675000.00,607000.00,694900.00,552500.00,625000.00,469900.00,650000.00,657000.00
- 612500.00,639900.00,650000.00,637000.00,675000.00,587000.00,675000.00,629500.00,675000.00,689500.00,482450.00,553450.00
Information is deemed to be reliable, but is not guaranteed. © 2023
New River Absorption Rate:
(12 Month History)
This rate represents the number of months it would take to deplete the current inventory with no new listings. The absorption rate in a balanced market is typically between 5 – 7 months. A higher number would reflect more of a buyer’s market and a lower number a seller’s market.
- 0.78,0.96,1.27,1.71,2.62,3.1,3.03,3.44,3.66,3.62,3.33,3.37
Information is deemed to be reliable, but is not guaranteed. © 2023
New River Inventory:
(12 Month History)
- 18,22,29,38,54,63,60,63,64,58,50,48
- 22,27,26,30,28,28,24,16,17,11,21,11
- 18,21,15,12,19,14,9,14,9,11,12,14
Information is deemed to be reliable, but is not guaranteed. © 2023
Average Days on Market in New River:
(12 Month History)
This number represents the average number of days between the original listing date and the “under contract” date among the homes sold in a given month.
- 39.8,42.3,31.0,25.1,58.8,45.7,29.4,63.5,72.0,79.3,73.1,106.7
Information is deemed to be reliable, but is not guaranteed. © 2023
New River Volume:
(12 Month History)
- 12677608,15855098,20582939,25701190,38095480,42405219,39986479,42558288,49386298,43598899,40930898,41084700
- 13944600,18660391,16666999,21173500,17908890,16977639,16665200,9203899,17507798,6013700,14258199,7133800
- 10942798,13871400,10030600,7880901,12904408,8345500,5723900,9149100,5288040,7755198,6349800,7770798
Information is deemed to be reliable, but is not guaranteed. © 2023
Comparison of Homes Sold – List Price to Sold Price:
(12 Month History)
- 607933.22,660542.86,668706.67,656741.75,679179.37,596107.14,635988.89,653507.14,587560.00,705018.00,529150.00,555057.00
- 607888.89,669766.67,678180.00,654866.75,674525.37,575214.29,611611.11,640521.43,572433.33,667636.36,518991.67,550314.29
Information is deemed to be reliable, but is not guaranteed. © 2023
Sale to List Price Ratio:
(12 Month History)
This ratio represents the average percentage of the list price that sellers accepted in a given month.
- 100.2,101.3,101.6,99.6,99.4,95.2,97.4,98.3,97.8,95.8,98.3,99.3
Information is deemed to be reliable, but is not guaranteed. © 2023