SalineCounty – November Market Analysis and Absorption Rate Figures
The numbers in the chart below represent SalineCounty’s Active Listings, Listings Under Contract, and Sold Listings during the month of November.SalineCounty’s absorption rate is 9.6 right now.Absorption Rate is determined by dividing the total number of Listings by the Solds in any one month period.Absorption Rate tells us that if nothing else were Listed and Market Conditions stayed the same, it would take consumers (9.6 months) to absorb all of the Listing inventory.
November Market Analysis - SalineCounty (Sold Homes Data - 11/1/2008 - 11/30/2008)