Joe Buffington, GRI, CDPE

Here is the Clarksburg supply and demand chart for November 2008. 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.

Steady growth in Clarksburg is a great trend. Ideally we would like to see the absorption rate get above 10%, however the gains over the last 3 years are impressive. Go Clarksburg Go.

Absorption Rates:

January 2009 5.6% absorption rate

January 2008 4.8% absorption rate

January 2007 4.2% absorption rate

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for January 2008. 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.

With the big 3 pleading their case in Congress the real estate market slowed down more than usual in 2008. However we are seeing a huge number of new contracts written in January. The absorption rates should be up in February/March. Stay tuned.

Absorption Rates:

January 2009 6.5% absorption rate

January 2008 6.0% absorption rate

January 2007 17.4% absorption rate

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for October 2008. 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.

The second half 2008 absorption numbers were surpassing the 2007 numbers, but November 2008 numbers took a beating compared to Nov 2008. Nov 2007 was far above even the Nov 2006 numbers. Nov 2007 was either an anomaly or a trend. Stay tuned for the December numbers.

Absorption Rates:

November 2008 6.2% absorption rate

November 2007 13.9% absorption rate

November 2006 8.0% absorption rate

Here is the Clarksburg supply and demand chart for November 2008. 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.

Keep in mind that these numbers are resale homes not the new homes. Clarksburg has seen a year to year increase in absorption rates. November 2008 saw a huge increase in the absorption rate over November 2007. This is improving news.

Absorption Rates:

November 2008 7.7% absorption rate

November 2007 3.3% absorption rate

November 2006 8.0% absorption rate

Here is the Clarksburg supply and demand chart for October 2008. 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.

Keep in mind that these numbers are resale homes not the new homes. Clarksburg has seen a year to year increase in absorption rates. October 2008 saw a huge increase in the absorption rate over October 2007. We have also seen signs of bottoming out on certain types of homes in Clarksburgs. For instance, many of the detached garage townhomes are selling now for close to what they sold for in the spring. Things are really looking up for Clarksburg.

Absorption Rates:

October 2008 8.2% absorption rate

October 2007 5.1% absorption rate

October 2006 6.5% absorption rate