This is also called the 'Conversion Rate' or how long and how much inventory is on the market in that particular town. Obviously, the higher the rate, the longer the market time for homes in that community.
Does your agent know the 'Conversion Rate' and will they share that information with you? It shouldn't be kept a secret because it plays a pivotal role in how your home should be marketed.
© 2007 - 2010 Lyn Sims
WOW! Your absorption has made a large improvement or do you think it is just seasonal?
Renee: I think it's a mixture of things, some people took their home off the market, lower end price range being really active at this time also. Sales for the last quarter where up significantly.