You are currently browsing the category archive for the ‘DC Market Statistics’ category.

So what is an absorption rate??

When I’m looking at a market to see if it’s leaning toward buyers, sellers — or neither — I look to the absorption rate. This means how long would it take to deplete the inventory at the rate that homes have gone under contract in the last 30 days. (Huh?) Read the rest of this entry »

I can only say – HOW DID IT TAKE SO LONG? One of the best researched articles from the Washington Post on the misleading information that’s found on Zillow<dot>com. Thank you Ken Harney! If

I came up with values with 20% ranges for my sellers, I WOULDN’T HAVE ANY SELLERS! Excuse me, did I just leave the caps button on?? Click Here the article.

If you really want to know how a real estate market is going, look at the absorption rate. The absorption rate measures how long it takes to absorb the inventory of homes at the rate houses are going under contract. I.e., if there are 100 homes and 50 go pending in the last 30 days, then that reflects a 2-months supply (100/50=2).

Sellers marketsSlide1 are under 3 months; normal are between 4-5 and anything over 6 is considered a buyers market. The DC market is pretty much a seller market all around. I measure the DC and Northern Virginia counties surrounding DC.

For more graphics, click this link to the RealtyHacks.net Facebook page.

Archives

Categories

Tweet RealtyHacks.net

%d bloggers like this: