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Wednesday, November 23, 2011

Real Estate- Calculating Absorption Rates

There are only a certain number of houses that will sell in any market in any given period of time. Would you like to see the odds of your house being one of them?

If 12 homes sold in the last 12 months in a given market that means that the market will absorb 1 house per month on average.  If there are 10 homes currently on the market there is a 10 month supplyA 6 month supply is a balanced market, less is a seller’s market and more is a buyer’s market.  We can calculate the absorption rates for your specific home and market and provide price and staging parameters. 

Thanks to all of you for your many referrals!   Have a wonderful Thanksgiving.

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