How-Fast-Will-My-Home-Sell

http://www.pennsylvaniaappraisers.com/blog/ Ever wonder how an appraiser knows how long your home will take to sell? Being an expert in your market makes us at Bostedo Appraisal Services the authority -- the guys and gals everyone goes to when they have a complex question about real estate. Well, allow me to introduce you to Absorption Rate. OK, so what is Absorption Rate? Simply put, it is the rate at which a market absorbs or eliminates inventory. Markets are always changing: new inventory is being added and old inventory is being sold or absorbed. Absorption rate helps you to take that fluid, ever-changing market and bring it into a measurable snapshot that you can use to advise your clients or the ammunition needed as a home owner to know how long it should take your home to sell. At this point I need to say; it doesn’t take into account any new homes coming on the market in the future, but just asks “If I were to sell every home on the market today, how long would it take me?” Absorption Rate can also be used to determine if it is a buyer’s market, seller’s market, balanced or stable market.

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Absorption Rate or How Fast Will My Home Sell
http://youtu.be/3f0liMYQfx8