PropertyExplorerPDX » Absorption Rate as of 2/09 http://propertyexplorerpdx.com Portland, OR Real Estate Sat, 16 Jan 2010 16:02:46 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Portland’s Real Estate – Aborbstion Rate http://propertyexplorerpdx.com/2009/03/15/portlands-metro-area-real-estate-aborbstion-rate/ http://propertyexplorerpdx.com/2009/03/15/portlands-metro-area-real-estate-aborbstion-rate/#comments Sun, 15 Mar 2009 14:27:58 +0000 gibbons1 http://propertyexplorerpdx.com/?p=143 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.

Real Estate Average Absorption Rate

  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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