Absorption Rates
Posted by Mike Broadhurst on Friday, May 20, 2022 at 10:50 AM
By Mike Broadhurst / May 20, 2022
Comment
Absorption rate is a term used in real estate to describe the speed homes are sold in a specific market in a specific time frame. It’s determined by dividing the number of homes sold by the number of available homes within the time frame. A high absorption rate means there’s a high demand for homes and that homes don’t stay on the market for long. An absorption rate over 20% is considered a seller’s market.
In the graphic below, you can see the recent absorption rates for Bluffton - all over 100%.
--
Subscribe to our YouTube Channel
Thinking of buying or selling your home? Give us a call at 843-837-7773.
Post a Comment