How absorption rates affect you

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Today, we’re going to talk about absorption rates and real estate.  What is the absorption rate, and why is it important?
 
Absorption is simply the number of months inventory on the market right now, and how long it will take to sell those particular properties if no new homes come on the market.
 
Nowadays, sellers are inundated with a lot of real estate data from around the nation.  In the Wilmington area. the median price is up dramatically from 2010.  However, it’s important to dig a little deeper and look at the data surrounding your neighborhood … 
 
 
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