Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for July 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Another great month of absorption in the Olney Area. If you were considering selling, now might be the right time to call a professional. The $8000 stimulus program along with low interest rates has really started to push the market along.
Our office has added several CDPEs. These are Certified Distressed Property Experts. They are great agents who can help their clients navigate short sales and foreclosures.
Absorption Rates:
July 2009 19.4% absorption rate
July 2008 15.4% absorption rate
July 2007 12.4% absorption rate
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