Absorption Rate – November 2012

The days are short, the weather is cold and the cheery holiday atmosphere is in the air! As we come to an end of the air, we must look at the housing market as well! Like all winter seasons, this one has similarities that show that the winter is here.  The inventory has gotten low and with the low interest rates, the market is showing signs of a seller’s market in most areas. However, the average absorption rate for the Northern Virginia is at 5.7 months, which is considered a “normal market.”

As always, I calculate the absorption rate for the DC Metro Area. These numbers are the calculation of the supply and demand of real estate inventory. So, what do these numbers mean? Typically, if absorption rate is 5-7 months, it is considered “normal market.” If it’s below 5, it’s a “sellers market” and if it’s above 7, then it’s a “buyers market.”  The percentage indicates how the market has improved (↑) or declined (↓) compared to last month.

Absorption rate is calculated by dividing the total number of active and pending listings 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 , 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 are from MRIS MLS and are deemed reliable but not guaranteed. Remember, real estate is local so here are the absorption rates for last month in Northern Virginia:

City of Alexandria – 3.4 mos (↑42.5%)
Arlington County – 2.7 mos (↑29.1%)
Clarke County – 8.3 mos (↓30.8%)
Fairfax County – 3.6 mos (↑28.6%)
City of Fairfax – 5.8 mos (↓26.5%)
City of Falls Church – 2.0 mos (↑73.1%)
Fauqier County – 7.1 mos (↑8.3%)
Frederick County – 6.8 mos (↑4.0%)
City of Fredericksburg – 10.6 mos (↓22.7%)
Loudoun County – 4.8 mos (↑19.6%)
City of Manassas – 3.6 mos (↑5.3%)
City of Manassas Park – 3.4 mos (↑187.3%)
Prince William County – 4.5 mos (↑8.6%)
Spotsylvania County – 5.7 months (↑15.2%)
Stafford County – 7.3 mos (↓9.7%)
Warren County – 11.2 mos (↓9.4%)

So if you’re a seller and want expert advise to list your home or a buyer and want to roam around to find your next home, call me today at 703-577-4320!

Absorption Rates – October 2012

The weather has started to get cooler and there are a lot things happening with the market!  Fall is here and pretty soon we’ll be all busy with holiday festivities.  There has been significant change from last month, October’s market continues to show a balance between supply and demand.  The average absorption rate for the Northern Virginia was 6.0 months, which is considered a “normal market.”  However, some areas were still a sellers market while others continue to remain a buyers market.

As always, I calculate the absorption rate for the DC Metro Area. These numbers are the calculation of the supply and demand of real estate inventory. So, what do these numbers mean? Typically, if absorption rate is 5-7 months, it is considered “normal market.” If it’s below 5, it’s a “sellers market” and if it’s above 7, then it’s a “buyers market.”  The percentage indicates how the market has improved (↑) or declined (↓) compared to last month.

Absorption rate is calculated by dividing the total number of active and pending listings 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 , 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 are from MRIS MLS and are deemed reliable but not guaranteed. Remember, real estate is local so here are the absorption rates for last month in Northern Virginia:

City of Alexandria – 4.9 mos (↑6.5%)
Arlington County – 3.5 mos (↑21.9%)
Clarke County – 5.7 mos (↑106.0%)
Fairfax County – 4.6 mos (↑9.5%)
City of Fairfax – 4.3 mos (↑13.7%)
City of Falls Church – 3.5 mos (↓26.2%)
Fauqier County – 7.7 mos (↑22.3%)
Frederick County – 7.0 mos (↑40.5%)
City of Fredericksburg – 8.2 mos (↑20.8%)
Loudoun County – 5.7 mos (↑6.4%)
City of Manassas – 3.8 mos (↑85.6%)
City of Manassas Park – 9.6 mos (↓64.7%)
Prince William County – 4.9 mos (↑13.7%)
Spotsylvania County – 6.6 months (↑18.0%)
Stafford County – 6.6 mos (↑0.3%)
Warren County – 10.2 mos (↑10.3%)

So if you’re a seller and want expert advise to list your home or a buyer and want to roam around to find your next home, call me today at 703-577-4320!

Absorption Rates – September 2012

The leaves are changing colors and the weather is getting crisp.  This is a sure sign that fall is here and the market will start getting cooler along with the weather.  Nothing major has changed from last month, September’s market continues to show a balance between supply and demand.  The average absorption rate for the Northern Virginia was 6.9 months, which is considered a “normal market.”  However, some areas were still a sellers market while others continue to remain a buyers market.

As always, I calculate the absorption rate for the DC Metro Area. These numbers are the calculation of the supply and demand of real estate inventory. So, what do these numbers mean? Typically, if absorption rate is 5-7 months, it is considered “normal market.” If it’s below 5, it’s a “sellers market” and if it’s above 7, then it’s a “buyers market.”  The percentage indicates how the market has improved (↑) or declined (↓) compared to last month.

Absorption rate is calculated by dividing the total number of active and pending listings 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 , 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 are from MRIS MLS and are deemed reliable but not guaranteed. Remember, real estate is local so here are the absorption rates for last month in Northern Virginia:

City of Alexandria – 5.2 mos (↓27.8%)
Arlington County – 4.3 mos (↓23.6%)
Clarke County – 11.8 mos (↑1.8%)
Fairfax County – 5.1 mos (↓31.4%)
City of Fairfax – 4.9 mos (↓13.4%)
City of Falls Church – 2.5 mos (↑4.2%)
Fauqier County – 9.5 mos (↓19.2%)
Frederick County – 9.9 mos (↓30.3%)
City of Fredericksburg – 9.9 mos (↓36.7%)
Loudoun County – 6.1 mos (↓19.0%)
City of Manassas – 7.0 mos (↓53.4%)
City of Manassas Park – 3.4 mos (↑17.6%)
Prince William County – 5.5 mos (↓25.9%)
Spotsylvania County – 7.8 months (↓8.3%)
Stafford County – 6.6 mos (↓3.1%)
Warren County – 11.2 mos (↓18.2%)

So if you’re a seller and want expert advise to list your home or a buyer and want to roam around to find your next home, call me today at 703-577-4320!

Absorption Rates – August 2012

School has started and most people are almost done moving.  As I had predicted last month, August’s market showed a balance between supply and demand.  The average absorption rate for the Northern Virginia was 5.6 months, which is considered a “normal market.”  However, some areas were still a seller’s market while others continue to remain a buyers market.

As always, I calculate the absorption rate for the DC Metro Area. These numbers are the calculation of the supply and demand of real estate inventory. So, what do these numbers mean? Typically, if absorption rate is 5-7 months, it is considered “normal market.” If it’s below 5, it’s a “sellers market” and if it’s above 7, then it’s a “buyers market.”  The percentage indicates how the market has improved (↑) or declined (↓) compared to last month.

Absorption rate is calculated by dividing the total number of active and pending listings 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 , 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 are from MRIS MLS and are deemed reliable but not guaranteed. Remember, real estate is local so here are the absorption rates for last month in Northern Virginia:

City of Alexandria – 3.8 mos (↓9.1%)
Arlington County – 3.3 mos (↑6.6%)
Clarke County – 12.0 mos (↓9.1%)
Fairfax County – 3.5 mos (↑17.2%)
City of Fairfax – 4.2 mos (↓14.8%)
City of Falls Church – 2.7 mos (↑15.1%)
Fauqier County – 7.6 mos (↑2.4%)
Frederick County – 6.9 mos (↑25.7%)
City of Fredericksburg – 6.3 mos (↑70.6%)
Loudoun County – 4.9 mos (↓0.5%)
City of Manassas – 3.2 mos (↑39.3%)
City of Manassas Park – 4.0 mos (↑73.1%)
Prince William County – 4.1 mos (↑26.7%)
Spotsylvania County – 7.1 months (↑4.3%)
Stafford County – 6.4 mos (↓2.9%)
Warren County – 9.2 mos (↑15.8%)

So if you’re a seller and want expert advise to list your home or a buyer and want to roam around to find your next home, call me today at 703-577-4320!

Absorption Rates – July 2012

The numbers are in for July! For most counties, there was a decrease in the number of sales compared to June, but it is still a seller’s market! The main reason for the spike in June sales was because it a the start of the summer with really low rates.  As we get into August and closer to school starting, the market will start to “normalize” and there will be enough houses to compensate for the increase in buyers this summer.

Like always, on the first of the month, I calculate the absorption rate for the DC Metro Area. These numbers are the calculation of the supply and demand of real estate inventory. So, what do these numbers mean? Typically, if absorption rate is 5-7 months, it is considered “normal market.” If it’s below 5, it’s a “sellers market” and if it’s above 7, then it’s a “buyers market.”  The percentage indicates how the market has improved (↑) or declined (↓) compared to last month.

Absorption rate is calculated by dividing the total number of active and pending listings 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 , 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 are from MRIS MLS and are deemed reliable but not guaranteed. Remember, real estate is local so here are the absorption rates for last month in Northern Virginia:

City of Alexandria – 3.4 mos (↓19.0%)
Arlington County – 3.5 mos (↓30.7%)
Clarke County – 9.9 mos (↑35.8%)
Fairfax County – 4.1 mos (↓22.9%)
City of Fairfax – 3.6 mos (↓32.5%)
City of Falls Church – 3.1 mos (↓22.6%)
Fauqier County – 7.8 mos (↓13.6%)
Frederick County – 8.7 mos (↓30.2%)
City of Fredericksburg – 10.7 mos (↑17.7%)
Loudoun County – 4.9 mos (↓19.2%)
City of Manassas – 4.5 mos (↓11.9%)
City of Manassas Park – 6.9 mos (↓34.5%)
Prince William County – 5.2 mos (↓30.6%)
Spotsylvania County – 7.4 months (↓23.5%)
Stafford County – 6.2 mos (↓33.1%)
Warren County – 10.6 mos (↑23.0%)

So if you’re a seller and want expert advise to list your home or a buyer and want to roam around to find your next home, call me today at 703-577-4320!

Absorption Rates – June 2012

The market is HOT, HOT, HOT!! The houses are selling like hotcakes! This is definitely a good sign and shows signs of market recovery! So proof do I have that the market is doing great?

As you know, I do monthly calculations to figure out the absorption rates. Absorption rate are a calculation of supply and demand and 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

Absorption Rates – May 2012

The summer is almost here, schools are finishing and houses are selling!  The absorption rates for May are DEFINTELY showing signs of a stable summer market!  In fact, some areas are showing signs that it’s is already a SELLER’S MARKET! So if you’re in the market to buy, THE TIME IS NOW!  Rates are low and prices are only going up!!! If you’re thinking about selling, call me today and I will show you how to obtain multiple offers on your home!!

So proof do I have that the market is doing great?  Well, I do monthly calculations to figure out the absorption rates. Absorption rate are a calculation of supply and demand and 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