Are More Properties Coming On The Market?
Posted by Jamie Conley on
Ever heard the phrase absorption rate in real estate? Put simply, the absorption rate is a measure of supply and demand. By taking the number of properties sold in a month and dividing it by the number of properties for sale, we can gauge how long it might take to sell ALL available properties on the market.
Along Scenic 30A, the current estimate to sell all available properties is just 2.08 months compared to just 1.04 months this same time last year. Could this be a sign that sales are starting to slow down?
This week we looked at available inventory a bit differently for a fresh perspective on where our market is headed. We normally report on the number of new listings entering the market, but what about the other active listings, the ones…
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