Absorption Rates (August 2018) – What’s Hot. What’s Not.

by David Howell on August 27, 2018

 

The metro DC market has softened a bit, and we think ultimately 2018 is going to look a lot like 2017.  But there are plenty of hot spots where sellers have lots of leverage.

One of the tools we use to identify those hots spot is absorption rates, simply the percentage of homes on the market that are going under contract every month.  And we take that to a very local level because we know how different markets conditions can be from area to area. As a reminder, we segment absorption rates this way:

Absorption Rates (1)

What are the hottest areas, property types and price ranges?  All of these have absorptions rates of 60% or more over the last four months:

Absorption Rates (2)

Want to know how your neighborhood is doing?  Give us a call!

This entry was posted under Real Estate and tagged , .
Before joining McEnearney Associates in 1996, David was the owner and Principal Broker of his own real estate company for 12 years. David was the Managing Broker of our McLean office from 1996 - 2010, and was named our Chief Information Officer in September, 2010. In that role, he is responsible for the firm' technology, market information and public relations, and is the author of our MarketWatch newsletter. He is also Principal Broker for McEnearney Associates in Maryland, and is an Associate Broker in Virginia and Washington, DC.

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