Wake Forest NC Real Estate Market - Absorption Rate June 2012

By
Real Estate Broker/Owner with RED Properties NC #129285
https://activerain.com/droplet/FJZ

In June of 2011 the Absorption Rate was 11 which indicated a market that was deep into a Buyer’s Market.  This year, the Absorption Rate is 7 which is indicative of a more balanced market.  Does this mean we have hit bottom?  Not necessarily however, there might be quite a few buyers kicking themselves for not buying a home last year.

 

 

This stabilization in the Absorption Rate is good news for sellers in the Wake Forest Real Estate market.  It essentially means that the inventory of homes for sale is lower therefore meaning less choices for buyers. 


 

If you aren’t quite sure what an Absorption Rate is you will definitely want to read What Is An Absorption Rate And How Does It Affect You?


 

For more information on the Wake Forest NC Real Estate Market please feel free to give me a call or send me an email – I would be happy to help! 

 


Posted by
 RED Properties RaleighRed
RED Properties RaleighRed

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Rainmaker
576,960
Bob Jakowinicz
National Realty Centers Livonia--Bob Jakowinicz - Livonia, MI
Michigan Real Estate Agent-- MI RE Adventures

Leesa glad to see things are improving in your marketplace.  We here in a suburb of Detroit have been hovering just below 2 months inventory for awhile now.  Our prices are stabilizing and even increasing so far as a result

Aug 01, 2012 05:02 AM #1
Rainmaker
635,598
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

What??????  TWO?????  My, oh my - I can't remember the last time ours was even close to that! Such great news for your area.

Aug 01, 2012 05:09 AM #2
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Rainmaker
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Leesa Finley

RED Properties - Raleigh NC Real Estate
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