Loudoun County Absorption Rates- original post
I was stunned today when I pulled Loudoun's Absorption Rates to find that the inventory has DROPPED AGAIN. Not by much.... Only a .57 drop!
Absorption Rate: How many weeks it would take to sell off the remaining amount of homes in the market if the current sales rate continued as is.
July- 19.05 Weeks
August- 18.45 Weeks
There are two good things to notice here. One is that the inventory is continuing to decrease. Two is that we are seeing signs of market stability that is healthy for both buyers and sellers.
Absorption Rate stats can help you decide if it is a good time to buy or sale. Economist tend to agree that 6 months or more of market inventory is a buyers market.
These stats do not include condos. All information is deemed reliable but should be verified for accuracy.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
