Douglas County West - (Includes Castle Rock, Larkspur, Sedalia, Palmer Lake, and Part of Littleton)

The absorption rate spiked to 42.9 weeks in April 2007 this is primarily due to a very low number of solds in March.  We will see a big rebound in absorption rate for next month.

Absorption Rate Definition - the rate at which a market can absorb additional units of supply without causing market saturation and severe price distortions. For example, during a recessionary period, many homeowners may list their house for sale. Since the supply of homes entering the home resale market increased without a corresponding increase in demand, the market absorption rate has been exceeded, and the market price of the resale homes declines. A simple definition is the number of weeks it takes to sell the current inventory at the present rate of sales.

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