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WHAT IS THE ABSORPTION RATE?
What the absorption rate is the amount of time it would take yo sell-out the available inventory (number of active homes/number of sales per month) = number of months of inventory. 10 homes sold per month and 10 homes active, 1 month of inventory. 5 homes sold per month and 20 homes active, then you have 4 months of inventory.
WHY DOES THE ABSORBTION RATE MATTER?
This determines if it is a buyer's market or a seller's market. Under 2 months of inventory = a seller's market, 2-4 months of inventory is a balanced market, 4+ months a buyer's market.
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San Diego Market Statistics
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