glenview absorption rate: Glenview IL Real Estate Absorption Rate 2015
- 02/23/15 06:58 AM
Knowing the absorption rate in your area is a great asset when looking to purchase or sell a home in Glenview. The absorption rate is actually a formula that tells you how long the current inventory of homes would take to sell if no new homes came on the market. In other words, it's the rate at which the market absorbs or eliminates current inventory. It determines this by the current rate of home purchases made by buyers. The absorption rate categories look like this: In Glenview, the absorption rate for various parameters looks like this for the past 12 months:
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