Portland’s Real Estate – Aborbstion Rate
Filed Under Residential Statistics · Tagged: Absorption Rate as of 2/09
The lastest numbers are in for our local real estate market. While properties are selling, the market duration is still pretty high. As of February, it will take approximatly 16.6 months for all current listing to be absorbed into the market. As you will see below, March of 2007 was the best time for selling your home.
The table below shows our current absorption rate in addition to reflecting back to 2007. The absorption rate is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
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Real Estate Average Absorption Rate |
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| 2009 | 2008 | 2007 | |
| January | 19.2 | 12.8 | 6.2 |
| February | 16.6 | 10.4 | 5.2 |
| March | 9.1 | 3.8 | |
| April | 10.3 | 4.4 | |
| May | 9.2 | 4.5 | |
| June | 9.5 | 5 | |
| July | 10 | 5.7 | |
| August | 9.9 | 6.2 | |
| September | 10.4 | 8.6 | |
| October | 11.1 | 8.4 | |
| November | 15 | 8.3 | |
| December | 14.1 | 8.5 | |
Data courtesy of RMLS.
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