Home : Blogs : Joe Buffington : Joe's Blog

Olney Area Supply and Demand Chart March 2008

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for March 2008. The Red lines are the active homes, blue under contract, and green are sold. The absorbtion rate is determined by the number of homes on the market and the number of homes selling that month.

Absorbtion Rates:

March 2008 7.5% absorbtion rate

March 2007 17% absorbtion rate

March 2006 28% absorbtion rate

Olney March 08 Supply and Demand

Posted by Joe Buffington on 04/09/2008 08:42 AM

Comments (2)

olney, montgomery county, maryland, brookeville, ashton, brinklow, sandy spring, market, trends, absorbition, rates, statistics, home, sales

This post has been included in Maryland Information Montgomery County, MD Information Olney, MD Information

2 Comments on Olney Area Supply and Demand Chart March 2008

Holy Moly! You have such a small percentage of your listings sell in your area! To what do you think that can be attributed? In Salt Lake our absorbtion rate is usually close to 50%.

04/09/2008 09:14 AM

by Tony Fantis, Realtor , ABR, Associate Broker - Salt Lake City (RE/MAX Associates - Fantis Group)

The surge in inventory makes the numbers smaller in 2 ways. First, even if the # of solds stayed constant the percentage goes down. We went from about 1200 homes on the market in 2004 to 6000 in 2007 (in Montgomery County). Second, the number of homes on the market takes all of the urgency out of the market place, therefore lowering the number of sold homes each month.

I see the rapid rise in short sales and foreclosures as the biggest problem. See my blog http://activerain.com/blogsview/458580/I-have-solved-the about a plan to save the real estate market.

04/09/2008 09:41 AM

by RE/MAX Realty Centre

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?

Real Estate Brokerage: RE/MAX Realty Centre

Joe Buffington
Olney, MD
More about me…
RE/MAX Realty Centre

Office Phone: (301) 774-5900 Ext.: 147
Cell Phone: (301) 461-8925
Email Me

Links

Tags (Tag Cloud)

Archives

Find MD real estate agents and Olney real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved