Clarksburg Area Supply and Demand Chart October 2008 - 11/12/08 03:11 PM
Here is the Clarksburg supply and demand chart for October 2008.  The Red lines are the active homes, blue under contract, and green are sold.  The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Keep in mind that these numbers are resale homes not the new homes.  Clarksburg has seen a year to year increase in absorption rates.  October 2008 saw a huge increase in the absorption rate over October 2007.  We have also seen signs of bottoming out on certain types of homes in Clarksburgs.  For instance, many of the detached garage townhomes are selling … (0 comments)

Olney Area Supply and Demand Chart October 2008 - 11/12/08 03:04 PM
Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for October 2008.  The Red lines are the active homes, blue under contract, and green are sold.  The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
The 2008 absorption numbers surpassed the 2007 numbers.  I expect this trend to continue. 
Absorption Rates: 
October 2008  11.6% absorption rate
October 2007  9.6% absorption rate
October 2006  13% absorption rate 

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Joe Buffington, GRI, CDPE (RE/MAX Realty Centre) Rainmaker_large

Joe Buffington, GRI, CDPE

Olney, MD

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RE/MAX Realty Centre

Address: 3300 Olney Sandy Spring Rd, Olney, MD, 20832

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