The Colony 55+ Senior Community Home Absorption Rates, Murrieta CA - Dec. 28, 2012.
Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you may want to know whether it’s a buyer’s market, a seller’s market, or a stable market.
In a buyer’s market, home buyers have the upper hand and can drive hard bargains for their dream home.
In a seller’s market, sellers have the advantage and can demand top dollar for their home.
In a stable market, the bargaining advantage is balanced between buyers and sellers.
The Absorption Rate Trend chart (top) shows the twelve month absorption rate trend over the past several months for The Colony 55+ Senior Community Homes. When the green line is trending between 0-5 months, it’s considered a Seller’s Market. When the green line is between 5-7 months, it’s considered a Stable Market. When the green line is above 7 months, then it’s considered a Buyer’s Market.
The Absorption Rate Per Sold Price chart (center) compares the absorption rates for The Colony 55+ Senior Community Homes priced below the average sold price versus homes priced above the average sold price. This chart is useful for determining how many months a home may take to sell based upon its asking price. As you might expect, the chart suggests that homes priced below the average will sell sooner than homes priced above the average.
The Absorption Rate Per Square Foot Price chart (bottom) compares the absorption rates for sold homes at The Colony 55+ Senior Community priced below the average square foot price versus homes priced above the average square foot price. As with the Absorption Rate Per Sold Price chart (center), this chart also suggests that homes priced below the average will sell sooner than homes priced above the average.
Follow the link for info on The Colony 55+ Senior Community Home Price Trends.
Follow the link to view my list of The Colony 55+ Senior Community Homes for Sale.
UNDERSTANDING ABSORPTION RATES
How can you determine whether it’s a buyer’s market or a seller’s market? By looking at housing market absorption rates.
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