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Colorado Springs Real Estate — Market Update
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In Real Estate, Realtors often use a term called Absorption Rate. It is an easy equation which takes the current inventory of houses for sale, divided by the the average number of houses sold per month. The result of this equation is called the Absorption Rate, the lower the rate typically equates to properties selling faster. The Absorption Rate lets you know how well the market is absorbing the current inventory of listings.
Less than 6 months of inventory on the market is considered a seller’s market. Hence, per the chart below, Read the rest of this entry »
