Clovis Stats and Absorption rates... Number of homes sold in Clovis, NM recently.

Well its time to head back to school and back to work so I thought I would share 

what’s happening in the Real Estate market in Clovis NM this month. 

Things are pretty steady but its still a buyer’s market.

Some quick stats:

Active residential listings in Clovis as of 8/26/13: 363

Active res. listings in NE Clovis: 169

Homes that sold/closed in all of Clovis in the last month: 39

Homes that sold in NE Clovis in the last month: 25

Market Absorption Rate for all of Clovis: 9.3

That's the number of months it should take, based on current rates of sale, to sell all 363 residential listings IF no other properties came on the market in the meantime.

Market Absorption Rate for NE Clovis: 6.8

The conventional wisdom is that 3-4 months absorption rates indicate a sellers' market, 6 months indicates a fairly balanced market, and 9-12 months (or worse) is the sign of a true buyers' market.

So Clovis has a lot of homes on the market right now and it’s a great time to buy. Just to give you something to compare to back in late April of 2009 we had 275 homes on the market and they had just sold 55 homes the month before so a 5 month absorption rate.

Also if you are like me and wonder when a good time to buy or sell is, here are how many homes sold each month for the past 6 months in Clovis.

Jan –Feb  26 sold

Feb -Mar   42 sold

Mar -Apr   58 sold

Apr -May   57 sold

May-Jun   46 sold

Jun – July  45 sold

And to compare this year to last year…. 41 homes sold in the same July-August time frame that had 39 sold this year so not much change. 

Top 15 reasons I love Summer in Clovis.

The 97 degree day we had today made me think of Summer and I thought I would make a list of the things I enjoy most about Summertime in Eastern New Mexico.

15 Things I love about Clovis in the Summertime:

1. Even if the daytime temp reaches 100 degrees, every evening it will be back in the low 70’s just in time to sit on the porch and sip some iced tea.
2. Kids can play outside for hours and you don’t have to wonder where they are or who they’re with.
3. Eating shaved ice from a vendor that lets you put as much syrup on it as you want.
4. Growing my own garden and watching the sunflowers get tall. Tall enough to enter in the Curry County Fair in August and win a blue ribbon.
5. The sound of softball games in the park.
6. Sonic stays open till midnight or later.
7. Every week a different church holds a vacation Bible school. And they coordinate with each other.
8. Parents take time to sit with kids who are getting free lunches at the park.
9. Dry heat and no humidity.
10. People get out in the evenings and take walks with their families.
11. Watching fireworks over Green Acres lake from the back of a pickup.
12. The smell of fresh cut lawns. (I know that’s everywhere but I had to include it)
13. Taking day trips to Carlsbad Caverns, or Lubbock, or Amarillo, or Palo Duro Canyon, or Albuquerque or Santa Fe or Ruidoso.
14. Going Camping next to a Creek in Tres Ritos and going trail riding in Duran Canyon. Since we don’t have any creeks in Clovis – it’s a big thing.
15. Driving away from the city lights, sticking your head out the sunroof and looking at a million stars.