How Long Does It Take To Sell In Loudoun?

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Categories: Market Statistics Posted on October 8th, 2009

The term we use to calculate how long it takes to sell in Loudoun is called an absorption rate. An absorption rate calculation tells us how long it would take for the current inventory on the market to be swallowed up at the current rate that homes are selling…

Get To The Point!

Because I currently don’t know how many homes were active in September (I will in a few days) I can only give you the rate for July and August. A little irrelevant I know. Nevertheless, here are the stats…

At the current rate of sales, there was only 17.8 weeks of inventory left on the market in July. There was 19.5 weeks left in August.

A Little Perspective…

Economists believe that 6 months of inventory on the market is buyers market. Anything less is a sellers. Well, we currently have less than 4 months…

This entry was posted on Thursday, October 8th, 2009 at 11:14 AM 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.