Business and economics |

Absorption Rate is defined as: An estimate of the rate at which a particular classification of space - such as new office space, new housing, new condominium units and the like - will be sold or occupied during a specific time frame.

This is an important number for Buyers because it gives you a general ideal of the market conditions in a given area. Equally important for Sellers as it is a good indication, (when used in conjunction with our pricing grid) of what to expect in terms of “Days on Market”. Higher rates are an indicator of better market conditions.

We track activity in the 19 most popular MLS areas in the Pikes Peak Region. Here are the latest Colorado Springs/Pikes Peak Regional Absorption Rates.

April 2008 Absorption Rates

Colorado Springs Real Estate Absorption Rates For April, 2008

AreaAbsorption RateEast23%Northeast19%Briargate18%Powers18%Northwest17%Southeast17%Central16%Fountain Valley16%Falcon15%Ute Pass15%West15%Old Colorado City14%Southwest12%Woodland Park12%Manitou Springs11%Black Forest10%Peyton10%Tri-Lakes9%Northgate8%

Technorati Tags: Colorado Springs/Pikes Peak Regional Absorption Rates.

Share this post:These icons link to social bookmarking sites where readers can share and discover new web pages.