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2011
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Just what is "absorption rate"? Absorption rate tells us how quickly the market is "absorbing" the inventory of homes for sale. We calculate this by taking the number of homes for sale and dividing by the number of homes sold in the past 12 months. For example, if there are 50 homes for sale and ...
01/31/2011
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The Virginia Association of Realtors (VAR) issued their Fourth Quarter 2010 residential real estate report on January 20th, 2011. The report points to the slow recovery of the Virginia real estate market, but shows that median home prices are moving in an upward direction. Annual real estate sale...
01/28/2011
On Tuesday, January 25th, the Kline May Realty Team met for the annual company awards meeting. Despite a rough year in real estate (especially after the $8000 tax credit expired in June of 2010), our company persevered and for the second year in a row was the #1 real estate company in the Harriso...
01/26/2011