by elizabeth
Absorption Rate is a metric used by some real estate professionals to measure a market’s internal supply and demand. It basically utilizes the current inventory of homes (supply) and recent sales history (demand) to calculate the market’s current sales rate.
For example if a market has 1,000 current listings and a sales history of 2,000 homes [...]
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by Tim
Many experienced home owners are familiar with a commonly used statistic known as: Average Days on Market. It is very frequently espoused by many a real estate agent being interviewed for a potential MLS listing. Perhaps you’ve heard something like, ‘My average listing sells within 28 days of being on the market” or ‘The average [...]
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