| The
demand for new sales housing has been
calculated based on a 25-year simulation
from 1990 to 2015. For each year in between
the decennial census, the number of owner
occupied units by age group has been
calculated, the annual turnover rate has
been computed, and the incremental change in
demand has been derived based on household
growth and replacement requirements. Over
time, a balanced sales market requires new
construction levels to correspond closely to
the change in incremental demand. |
YOUR Primary Market Area
As of any date through 2015
|
SALES
PRICE IN
CURRENT
DOLLARS
|
Annual
Incremental
Demand |
Annual
Turnover
Demand |
|
$150,000 + |
336 |
2,352 |
|
$200,000 + |
164 |
1,148 |
|
$250,000 + |
54 |
378 |
|
$300,000 + |
28 |
196 |
|
$350,000 + |
10 |
70 |
Source: Estimated by URBEK®. Note: Sales demand includes all structure
types.
|
