independence monthly housing supply: Independence Ohio Real Estate Market Conditions Report - July 2009 - 07/05/09 03:45 PM
Here are the July 2009 real estate market statistics for the Independence, Ohio community in Northeast Ohio.
Absorption Rates and Months Housing Supply
These two terms are one piece of the puzzle to help real estate agents, appraisers, home sellers and buyers alike make sense out of the real estate market.
This is a little-known, but effective tool, if used in proper context, to help a home seller or buyer understand the market conditions for the home they wish to sell or buy.
The easiest way to define these two terms is with an example:
Absorption Rates (AR)- The rate … (0 comments)