Another indicator of what the real estate market is doing in a particular region is called the absorbtion rate. The absorbtion rate is calculated by dividing the number of homes available by the number of homes sold in one month. Right now there are 4,426 house actively listed in Montgomery County, excluding new construction. A search of the MRIS with a contrat date of 2-24-2009+ revealed 888 homes. The calculations show a 5 month suplly of homes or a 20% absorption rate. The funny thing is that anything under six moths is usually considered a seller's market. That's a wow statistic, coupled with the low rates that should get you buyers off the fence!
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Maryland REALTOR blogs about the current real estate market in Montgomery County Maryland.
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