Real Estate Blog

Belgrade Absorption Rate March 30th

Posted: March 30, 2019 by Mark Corner

Whether you are buying or selling, it's good to know the Absorption Rate.  This is our month's supply of homes for sale.  A balanced market is a 6 month supply of homes.  Enough for buyers to find what they are looking for yet sellers can still get a fair price for their home.  We have had a shortage of inventory for the last 3 years.  The Absorption Rate for Belgrade single family homes is 2.6 months and condo & townhomes is 1.3 months.  This tilts the market in favor of the seller with less than a 6 month supply. 

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