Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for October 2008. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month. The 2008 absorption numbers surpassed the 2007 numbers. I expect this trend to continue. Absorption Rates: October 2008 11.6% absorption rate October 2007 9.6% absorption rate October 2006 13% absorption rate
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