Olney Area Supply and Demand Chart June 2008

By
Real Estate Broker/Owner with RE/MAX Realty Centre

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for June 2008.  The Red lines are the active homes, blue under contract, and green are sold.  The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

After a bump in May, we saw a significant drop this month over last years absorption rate.

Absorption Rates: 

June 2008  11.1% absorption rate

June 2007  20.4% absorption rate

June 2006  17.5% absorption rate% absorption rate

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Joe Buffington

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