Soaking Up Real Estate Absorption Rates?
March 23rd, 2009 categories: Sales, West Chester Ohio
No matter how you try to sponge up and analyze the local real estate market for greater Cincinnati, there is no perfect way to predict days on market.
Many relocation companies and realtors use “absorption rate” to get a better handle on inventory supply and demand. Loosely defined, absorption rate is how long it will take the real estate market to absorb or sell all the house in a given amount of time.
Based on data from the Multiple Listing Service of Greater Cincinnati the following chart reflects absorption rate in months for the 4 counties and certain neighborhoods:
So if you live in West Chester, there is a 6 month supply of single family homes on the market, Liberty Township has a 12 month supply of listings.
Soaking up all the market details can be overwhelming-need more detail on absorption rate for your area-call or email.
Related Articles: West Chester, Liberty Twp. Beckett Ridge Stats, Mason Stats, Fairfield, Fairfield Twp. Stats
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