Olney Area Supply and Demand Chart April 2011

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for April 2011. The Green Bars represent the percentage of sold homes in the available inventory this month. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

Just like the Montgomery County numbers the absorption rates are a bit misleading. Alot of the available inventory is short sale and foreclosure. Many buyers can't and won't buy these properties. Please feel free to contact one of our great agents for any market information www.realty-md.com

Again I feel that the 2011 numbers will look very similar to last year. As we recover (and the DC area is one of the first), we will see a slight increase in the absorption rate.

Absorption Rates:

April 2011 13.2% absorption rate

April 2010 16.1% absorption rate

April 2009 9.0% absorption rate