Absorption Rate - What is it?

By
Real Estate Agent with Berkshire Hathaway HomeServices | Pen Fed Realty 3107554

Why is an absorption rate important?  It tracks the number of weeks that the current inventory will take to sell provided that sales are continuing at the same rate as last month.

Here in Walton County and along the 30A Corridor, condos that are south of the corridor or closest to the beach area have only a 22 week supply left.  Why is this important?  Buyers need to keep an eye on this number because anything less than 26 weeks is an indicator that the market is beginning to shift.  Once inventory is absorbed in any particular area or product type then the prices will beging to rise.

I work exclusively as a buyer's agent and welcome working with you as well.

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Topic:
Home Buying
Location:
Florida Walton County Santa Rosa Beach
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The Lounge at Active Rain
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Tags:
foreclosures
florida homes for sale
florida condos
florida real estate agents
30a
florida
santa rosa beach

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Rainmaker
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Morning Kelly...I always get lost in your photos, sooo pretty there!  I also am pretty much an exclusive buyers rep!

Apr 29, 2012 11:42 PM #1
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Rainmaker
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Kelly Klein

"Doing Great Things Today to Improve Tomorrow"
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