Northport Absorption Rates: What They Say About The Local Real Estate Market

Absorption Rates are the rates at which homes are absorbed by the purchasers.

When we talk about an "over supply" of inventory as well as an "under supply" of purchasers, we calculate how long it will take to sell the existing inventory based upon the current demand.

What does this tell us about our marketplace? It tells us if seller's are becoming more realistic with prices, and it truly demonstrates that buyer's have many, many choices!  

You must be "well priced" so that you can be "well positioned" within your marketplace. A rise in these rates indicates a "Buyer's market" and a decline in these rates indicates a "Seller's market."  

Keeping an eye on these types of statistics is imperative right now as we anticipate a change for the better, more optimistic real estate market heading into 2012-13. 

The current rates for Northport SD#4 are as follows:

Current Inventory 11768 SD#4 8/7/2011 = 218  Homes For Sale

Homes Sold 7/7/2011 - 8/7/2011 SD#4  =     8  Homes Sold

Absorption Rate for Current Inventory = 27.25 months to sell current inventory at the current rate of 8 homes sold per month.