Absorption rate is used as a way to track the “trend” of the market.
The figures used here are per Big Bear Multiple Listing Service.
Number of weeks it takes to sell current inventory at present rate of sales.
What information from the MLS is needed for this market report?
- Number of listings (residential) all that are listed as Active, Contingent, Pending (in escrow) and
- Back-Up status (a contract on the property with a contingency)
- The number of sold properties for the previous month.
This Month’s Absorption Rate is: 40 Weeks.
