Kent WA Real Estate | Absorption Rate | Buyer’s Market – Seller’s Market?
By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
Kent WA Real Estate | Absorption Rate | Buyer’s Market – Seller’s Market? Is it a Buyer’s Market in Kent Washington or a Seller’s Market in Kent Washington? How can we tell? One tool we use in the real estate industry is the calculation of absorption rates. In simple terms it is the amount of time it takes to sell all of the current home inventory if no other homes come on the market for sale. Looks like today Kent, Washington is still in a buyer’s market. What I have done is calculated all of the homes listed for sale in the categories of active, pending inspection, pending feasibility, pending bu requested, pending short sale and even pending to arrive at the number of homes available on the market. Even though the pending homes really are not available for new contracts they ha...
Comments
2