Olney Area Supply and Demand Chart December 2009

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for December 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.

December of 2009 had a lower than average absorption rate compared to previous months in 2009. This isn't a shock considering the time of the year and the available inventory. We did expect the absorption rate to be a tad bit higher than Dec 08 (0.3%), but February should be one of the next best indicators.

In Dec/Jan we sometimes see the inventory numbers (available homes for sale) dip so low that the buyers in the market don't have ENOUGH options to choose from. Therefore the absorption rate goes down. That is why savy sellers are not waiting till spring to list their homes, they are putting them on the market in late January.

If you would like to find out what savy agents do...Call RE/MAX Realty Centre (301) 774-5900

Absorption Rates:

December 2009 10.3% absorption rate

December 2008 10.0% absorption rate

December 2007 13.1% absorption rate