April 05, 2013

Sedona real estate Absorption Rate

Sedona 4/5/2013 Absorption Rate is calculated by dividing the total number of available homes by the average number of sales per month.

The result gives the number of months it would take to exhaust the supply and does not take into account additional homes that enter the market.

As absorption rate increases, the supply of available homes shrinks, increasing the odds that a homeowner will sell a piece of property in a shorter period of time.