Absorption Rate is defined as: An estimate of the rate at which a particular classification of space - such as new office space, new housing, new condominium units and the like - will be sold or occupied during a specific time frame.
This is an important number for Buyers because it gives you a general ideal of the market conditions in a given area. Equally important for Sellers as it is a good indication, (when used in conjunction with our pricing grid) of what to expect in terms of “Days on Market”. Higher rates are an indicator of better market conditions.
1/1/2007 through 1/31/2007
| Area | Absorption Rate |
| Briargate | 25% |
| East | 21% |
| Northeast | 21% |
| Powers | 19% |
| Southeast | 19% |
| West | 19% |
| Northwest | 18% |
| Central | 16% |
| Fountain Valley | 16% |
| Southwest | 16% |
| Falcon | 12% |
| Tri-Lakes | 11% |
| Black Forest | 9% |
| Northgate | 9% |
Technorati Tags: Absorption Rate
