As we get ready to say farewell to 2010, you may want to sit down and assess what has been happening in our marketplace.  One of the key 'metrics' typically discussed in the Real Estate industry is called 'Market Absorption' - and that is looking at the listings and sales by month. 

Here is one definition of MARKET ABSORPTION......

The number shows the rate at which the inventory of  homes for sale are being sold. A declining figure indicates people the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than there are buyers willing to buy at the market prices.

The absorption rate lets you know how well the market is absorbing the current inventory of listings. The ultimate question the absorption rate answers is, "Is the current inventory level shrinking or growing"?


Here is the history (since March 2010) of ACTIVE LISTINGS & SALES (by Product type and by Month). 

 

I can create custom reports to provide you with a detailed representation of what has been happening (in terms of sales) and where.  I can do so much more with the data though!  If you would like a custom analysis done, just send me an email or give me a call -- and let me know what you would like to know !

 

The links on the left of the page reflect samples of the types of statistics I can extract and the reports I can create.    

 

As the saying goes "knowledge is power". 

Let me increase your power by giving you the knowledge you need to move forward confidently and comfortably - regardless of whether you are Buying or Selling !