Do you monitor and report absorption rates or months of listings?
Posted June 18th, 2008 by glenn
Do you use or monitor absorption rates or months of inventory (listings)?
Which do you feel is more appropriate for consumer - rate or months of inventory?
Considering that in today's real estate market, some areas are seeing increases in closed sales, are you using 12 months of closed averaged to a month in calculating the rate or months of inventory?
Good questions Glenn.
1. I personally don't monitor absorption rates yet, but I read them every month on one of our local blogs. I don't know how helpful those numbers would be to our readers, unless we explain them. I certainly like keeping an eye on them.
2. I think this one is a good example of inventory monitoring, I find it helpful - you can see the rates and you can read the explanation in months as well.
3. Don't do this yet, so I can't tell. I wish Jonathan (his blog from the example above) came over and shared some of his thoughts :)