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The Absorption Rate is a measure of how long it will take, on average, to sell a home in a particular area or neighbourhood.
The Absorption Rate is calculated by taking the number of homes active and dividing that number by the number of homes sold to give a value of the number of weeks of inventory is available. Tracked over time that number provides a guide to market trends. The actual rates will go up and down during the month as most sales go to settlement in the last 10 days of each month.
Haymarket - 20169
25th November 2006 - There are 327 houses actively on the market. During the month of October 22 homes were sold.
6th December 2006 - A total of 16 homes sold in the 20169 zip in November. There were 289 active homes on the 30th November making the November absorption rate 18.06 months.
4th January 2007 - A total of 36 homes sold in the 20169 zip in December. There were 251 active homes on the 31st December making the December absorption rate 6.97 months.
16th February 2007 - A total of 36 homes sold in the 20169 zip in January. There were 254 active homes on the 30th January making the January absorption rate 7.05 months.
16th March 2007 - A total of 13 homes sold in the 20169 zip in Febuary. There were 263 active homes on the 28th Febuary making the Febuary absorption rate 20.23 months.
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