I have been trying to find a better way to convey to our audience how the Dothan real estate market has changed in the past 18-24 months. I have mentioned in several previous posts about how inventory has doubled during that time span, and what effect that has had on market time. I have found another way to present this information to you, our readers, and it has to do with something called absorption rate. Simply put, the absorption rate is the amount of time it would take to sell every home on the market today, if no more homes were listed. This figure is calculated by taking the number of homes on the market and dividing it by the average number of homes sold each month. Since the number of homes sold each month can vary significantly, we will use a three month average to calculate our absorption rate.
Read more at Dothanhomesearch.com
Comments (0)Subscribe to CommentsComment