northfield absorption rate: Northfield IL Home Sales Absorption Rate 2015
- 02/20/15 02:05 AM
Knowing the absorption rate in your area is a great asset when looking to purchase or sell a home in Northfield. 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;
If a home sells in under 4 months, it is considered a seller's market and prices … (3 comments)
|
|
|
|
Knowing the absorption rate in your area is a great asset when looking to purchase or sell a home in Northfield. 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. 
;)
;)
;)
