Loudoun County Absorption Rate
June 25th, 2008 categories: Loudoun County, Market Statistics
It is Wednesday and Wednesday is for stats at the The Real Estate Bakery. SO… I have decided to add a new tool to the belt of those of you who enjoy my weekly stats.
Ladies and Gettleman, I am proud to introduce, “ABSORPTION RATES.”
Absorption rates is a term that defines the amount of time it would take for the market to consume all of the current inventory if no more homes were added to the market.
For the past few months in Loudoun this rate has been dropping so this is a good thing. Currently in June, if no more homes were added to the market it would take 24.88 weeks to sell all of the homes on the market. Here is a helpful chart that I have created for you.
RELATED ARTICLES:
Loudoun County Monthly Sales Stats!
Sign up to receive web updates!
; ?>/images/MatoChiclet.gif)
