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In today's video Jeff O'Leary, Mississauga Real Estate Agent explains the term "Absorption Rate" in Real Estate. Be sure to subscribe to my channel for more Canadian Real Estate Tips.
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Absorption Rate In Real Estate | What Does Months Inventory Real Estate Mean when Buying a Home
Absorption rate is way to measure the rate at which available homes are being sold in a specific market over a specific time frame. Usually measured in months, this simple calculation measures how many homes are sold are sold in a month versus how many homes are actively for sale.
By calculating the absorption rate you can figure out how long it will take to sell all of the homes currently listed for sale if market conditions remain the same. This video is good advice for home buyers and great information for home sellers.
Link to full article with more info on how to calculate absorption rate and negotiate a better deal in real estate.
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Jeffrey O'Leary, Broker
Better Homes and Gardens Real Estate Signature Service
186 Robert Speck Parkway, Mississauga, ON, L4Z 3G1
#realestate #Canadianrealestate
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