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How Important IS Inventory When Buying or Selling? Very!!
Buyers and sellers may wonder "how important is inventory when buying and selling?" Agent know that it is VERY important (well, most do...some seem to not pay much attention). In more formal circles we refer to it as absorption or absorption rate, i.e., how much time will it take for the current inventory to disappear (be absorbed) at the current rate of sales, if nothing new comes on the market. 
Absorption rate provides a good indicator of how fast homes are selling, and is used, in a general sort of way, to classify the type of market - buyer's, seller's, or stable. There is plenty of discussion around what classifies a market as a buyer's market, for example. In some sense it may not really even matter what you call it - understanding the inventory, generally and specifically, and your competition as a seller is likely much more valuable. The point, though, is the amount of inventory is a good indicator of supply and demand and this can affect your decision to buy, and perhaps more importantly, to sell.  
Buyers certainly realize that they have lots of choices, or limited choices in their home searches, and this may cause them to ... more

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