Read between the lines....what is a Buyer's Market and a Seller's Market? Can you be in both?
By Julie Chapman, Daytona Beach Shores, Florida
(Julie Chapman Broker)
There is so much newspaper and magazine print as well as television talk about Buyer's Markets and Seller's Markets but most Realtors don't take the time to educate the public on how the definitions are determined. The fundamental measure of market conditions is an absorption rate. To define for the consumer an absorption rate, think of a method to use a mathematical equation to represent the relationship between supply and demand of property. The total available number of homes is divided by the number of homes sold in a certain period of time. My preference in reviewing absorption rates is on an annual basis. Therefore divide the number of homes sold in the last year in an area by 12 to calculate the number of homes sold in a month. Then take that particular area's current listi...
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