real estate definitions: Simple Real Estate Definitions: Absorption Rate
- 06/02/08 01:31 PM
Absorption Rate is a real estate term for the length of time required to sell all of a given stock in a given area. We can use it to determine how quickly homes are selling in a neighborhood, city, or region. The formula to calculate Absorption Rate is simple. Add up the number of homes on the market, and then divide it by the number of homes taken off the market in the past 30 days because offers were accepted for the sale of those homes. For example, if 500 homes are on the market and 89 of these homes received … (0 comments)
real estate definitions: Simple Real Estate Definitions: Average Days On Market
- 06/02/08 01:31 PM
In the world of real estate, Days On Market is the number of days between when a home lists for sale and when it goes under contract. It is often abbreviated as DOM. Average Days on Market is a similar statistic but instead of applying to one home in particular, it applies to all homes in a given neighborhood, ZIP code, or city. Average DOM is calculated by adding the number of days for which every listed home in an area was available for sale, and then dividing that number by the total number of listings. In a buyer's market, Average … (0 comments)
real estate definitions: Simple Real Estate Definitions: Average Days On Market
- 05/05/08 10:47 AM
In the world of real estate, Days On Market is the number of days between when a home lists for sale and when it goes under contract. It is often abbreviated as DOM. Average Days on Market is a similar statistic but instead of applying to one home in particular, it applies to all homes in a given neighborhood, ZIP code, or city. Average DOM is calculated by adding the number of days for which every listed home in an area was available for sale, and then dividing that number by the total number of listings. In a buyer's market, Average … (0 comments)
Absorption Rate is a real estate term for the length of time required to sell all of a given stock in a given area. We can use it to determine how quickly homes are selling in a neighborhood, city, or region. The formula to calculate Absorption Rate is simple. Add up the number of homes on the market, and then divide it by the number of homes taken off the market in the past 30 days because offers were accepted for the sale of those homes. For example, if 500 homes are on the market and 89 of these homes received … (0 comments)
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