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.

March 2008 Absorption Rates

AreaAbsorption RateEast20%Briargate19%Northeast19%Northwest18%Powers18%Central16%Fountain Valley16%Southeast16%Falcon15%West15%Southwest14%Woodland Park13%Old Colorado City12%Ute Pass11%Black Forest10%Peyton10%Tri-Lakes10%Manitou Springs9%Northgate9%

Technorati Tags: Absorption Rate

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