by Denise Brown PREC
on Thursday, July 11th, 2019 at 10:36am.
There are 3 pieces of information you will need to find absorption rate:
Here is how I calculated the absorption rate for the Whistler from January to June 30 2019
1. Time Frame =181 days (total days from January 1, 2019 to June 30, 2019
2. Number of Sold Homes =243 (from January 1, 2011 to June 30, 2019)
3. Number of Active Homes = 345
What does this tell us?
If market conditions do not change and info new listings come on the market it will take 9.18 months for the current inventory to sell at the current pace of the market.
What does a Seller's Market mean? What does a Buyer's Market mean?
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