Real Estate Absorption Rate Rochester MN
Posted in Latest Updates on November 30, 1999 by Shelli Wappes
The absorption rate is a formula to determine how long before the supply of homes for sales in your market =0. Currently, our absorption rate in this area is about 6-7 months....that is figured by: dividing the total number of active listings by the average number of sales per month. Average market time is slightly less than this amount.