The thing that bothers me the most about news articles – they don’t VERIFY what their ‘sources’ SAY. Case in point – article in the local Coeur d’Alene Press – ‘Safe’ to buy (read article in full here) and I quote “the local market continues to be “balanced” with a nice mix of prices and […]
In the spirit of sharing… this was just too important to not share with you Do you know what absorption rate is? In real estate, it is basically this: The length of time it would take to sell every home that is currently available for sale, as long as no one else puts their home up […]
What is absorption rate and what does it have to do with me buying a home in Post Falls or Coeur d’Alene? Absorption rate, in a nutshell, tells us if the current amount of homes on the market are increasing or decreasing in number. A “healthy” absorption rate is is between 4-8 months of inventory. […]
Absorption rate is an interesting thing. If it’s too high, it means it’s a buyers market. If it’s too low, it’s a sellers market. But, what is too high, what is too low? What does absorption rate mean anyway? Absorption rate is how many months of inventory (homes for sale) are currently on the market. […]
