"Almost There!!"
- EXTRA! EXTRA! The market is showing slow signs of recovery and looks like it’s returning to “normal” is some areas. If you don’t beleive me, look at the absorption rates below!
- Absorption rate are a calculation of supply and demand. Absorption rate is calculated by dividing the total number of active sales by the number of homes sold in a month. The resulting answer let’s us know how many months it will take to sell the entire inventory of homes. I love numbers and have started to calculate the absorption rate for the DC Metro Area, more specifically, I will be focusing on Northern Virginia since that’s my area of expertise and state of licensure.
The numbers used for my calculations Continue reading
