June 1st, 2007 by asands
Absorption Rate is an important Real Estate indicator…
Absorption Rate is an important Real Estate indicator…
All homes are not equal, nor is how they are priced equally well. In a tough seller’s market it is important to understand the rate at which homes are selling and look at it from various angles. For instance, we look at it at the county level, community breakdowns, by number of bedrooms, price and with/out pools.
It helps us in understanding what is selling at at what rate. When we understand what is happening we can take a look at the comparable listings in determining a listing price.
Absorption Rate helps us understand what is going on in the Real Estate Market. The Orlando Avenue Top Team looks at these numbers monthly.
ABSORPTION RATE is the mathematical representation of the relationship between supply and demand. To calculate Absorption Rate, if there is no sales in the prior month, there is no rate to look at:
# of Active/Pending Listings |
1,000.00 |
# of Sold Last Month |
100.00 |
# Sold x 12 (months) |
1,200.00 |
Divide by 52 Weeks (units per week) |
23.08 |
Absorption Rate (Active Listings divided by units per week) |
43.33 |
If you have questions regarding Absorption Rate, or what is going on in the market in your area, please call our team today at (407) 288-0017.
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May 24th, 2007 by asands
Memorial Day weekend things to do and most of all veterans to remember.
Memorial Day weekend things to do and most of all veterans to remember.
Where does time go? Memorial Day Weekend is already upon us and the official beginning of Summer here in the Greater Orlando Area! Backyard BBQ’s with hot dogs, hamburgers, and chicken grilled to perfection. Potato salad, grilled corn on the cob, fruit salad are some of the great foods you might find at most BBQ this weekend! But a weekend get together is not the meaning of this holiday.
It is an opportunity to remember those that have served our country in Military service and those currently doing so. Some ways that you can pay tribute to that you might not think about are:
- Help our Troops Call Home with a prepaid calling card
- Let your kids take part – Kids Celebrate the Military
- Send a hand made card through Cards for Soldiers or Cards to Soldiers
- Soldiers overseas sometimes have down time and look for ways to fill that time. Many military libraries are extreamly limited — Find out how you can help with Books for Soldiers
- Take books, magaizines, playing cards, board games, puzzles to a local Veteran’s Hospital
- Volunteer at the Orlando Veteran’s Hospital or check out some of the other Volunteer Opportunities
The entire Orlando Avenue Top Team wish you a wonderful time with your family this Memorial Day.
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