ABSORPTION RATE: It is the rate that buyers are buying up inventory, measured in months.
Balanced Market is 2.5 - 4 months
Dec 08 - 8.8 months Jan 09 - 7.7 months Feb 09 - 5.5 months Mar 09 - 4.2 months April 3, 2009 - 3.1 months Today: April 6-09 - 2.9 months! The market is improving for sellers--more of a balanced market. If you are thinking of buying--give me a call!
posted in Listings
at Tue, 07 Apr 2009 03:30:03 +0000