Loudoun County Absorption Rates

Categories: Market Statistics Posted on August 28th, 2008

I was stunned today when I pulled Loudoun’s Absorption Rates to find that the inventory has DROPPED AGAIN. Not by much…. Only a .57 drop!

Absorption Rate: How many weeks it would take to sell off the remaining amount of homes in the market if the current sales rate continued as is.

July- 19.05 Weeks
August- 18.45 Weeks

There are two good things to notice here. One is that the inventory is continuing to decrease. Two is that we are seeing signs of market stability that is healthy for both buyers and sellers.

Absorption Rate stats can help you decide if it is a good time to buy or sale. Economist tend to agree that 6 months or more of market inventory is a buyers market.

These stats do not include condos. All information is deemed reliable but should be verified for accuracy.

This entry was posted on Thursday, August 28th, 2008 at 12:47 PM and is filed under Market Statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.