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Rainmaker
1,598,130
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Yes, we do .

Aug 20, 2019 05:35 PM
Rainmaker
2,066,224
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Drilling every day. :)

Aug 20, 2019 07:58 PM
Rainmaker
1,024,102
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

If I am making a listing presentation, absorption rate is one of the things I check...for the area where the property is located.

Aug 20, 2019 04:55 PM
Rainmaker
4,491,412
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Yes, I do. And, yes, I do. Have for donkey's years.

Aug 21, 2019 04:08 AM
Ambassador
5,753,092
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes, it pays to keep all the stats in mind.

Aug 20, 2019 11:45 PM
Rainmaker
2,079,620
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I never have Peter Mohylsky, South Walton . When my bank account got low the only drilling down I did was looking for prospects, either Sellers or Buyers and then in the end my bank account absorbed the commissions. 

Aug 20, 2019 06:07 PM
Rainmaker
5,767,466
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

Naurally!

Aug 20, 2019 04:17 PM
Rainmaker
1,430,371
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I used to by city when I did my weekly market blogs, but not any more.

Aug 20, 2019 10:51 PM
Rainmaker
1,357,642
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Yes, but unless you check it quarterly, it's old news.

Aug 20, 2019 08:23 PM
Rainmaker
870,758
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Inventory can be misleading. I know builders that have 1 or 2 models listed in the mls, but they are actually planning on building 50+ houses in a particular subdivision. Many builders alss have an inventory of lots that they aren't ready to build on yet. I serch on an as ready to buy basis. I even have several lots that are pending being subdivided. If a serious buyer comes along, we can set them up on a variety of lots.

Aug 20, 2019 04:07 PM
Rainmaker
5,580,884
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I analyze by town.... it obviously changes as new listings come on and closings happen....  

presently, we are in an extreme sellers market.... 1.1 months of inventory as of today....

Aug 20, 2019 03:42 PM
Rainmaker
508,854
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Yes, I do but I'm always careful when passing on the info.  When I tell someone the absorption rate for a certain city I see way too often people are just stuck by that rate.  When I dig into the subvision it could be a totally different rate and they will start arguing because I just told them something different.   It's like someone asking the price per square foot houses are selling for in a city.  We know the average but that does not mean that the house they are selling or purchasing is going to be that price as it depends on the subdivision and the updates of the home.

Aug 21, 2019 11:25 AM
Rainmaker
907,376
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

Yes, I look at it monthly. First I look by County, then I'll look by the town.  I'll share the County info then invite anyone interested in their town/neighborhood to contact me for more details. 

Aug 21, 2019 08:27 AM
Rainmaker
1,183,950
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Yes.

Aug 21, 2019 06:46 AM
Rainmaker
1,386,685
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

We analyze the statistics by town and are usually pretty well versed in absorption rates and how it affects our buyers and sellers.

Aug 21, 2019 05:33 AM
Rainmaker
3,384,734
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I keep up on the stats and data. It is best used in listing presentations. I do however use easy to understand terms as using absorption rate as a term to a consumer, may have them looking at you funny

Aug 21, 2019 05:16 AM
Ambassador
1,900,972
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I used to know the general market absorption rate when I was working.  I didn't know the statistical data by communities or neighborhoods because that info wasn't available.  I did, however, know which communities sold quickly and which did not.  That's where local knowledge comes in.

Aug 21, 2019 04:58 AM
Rainmaker
4,351,300
Richard Weeks
Dallas, TX
REALTOR®, Broker

I know it when I have a need to calculate it.

Aug 21, 2019 04:22 AM
Rainmaker
849,312
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Yes, I do that calculation by town.

Aug 21, 2019 04:21 AM
Rainmaker
4,568,156
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Very important when deciding an acceptable length of a listing agreement.

Aug 21, 2019 04:19 AM
Rainmaker
5,324,709
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Yes, both

Sep 12, 2019 05:27 AM
Rainmaker
4,334,845
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

In my listing presentation and even on door hangers I push that.

 

Aug 23, 2019 09:57 AM
Rainer
2,490
Raju Chakraborty
WebGuru Infosystems Pvt. Ltd. - Salt Lake City, UT
Designer & property listing

As per the current situation absorption rate is above 25% in our locality. 

Utah now ranks No. 1 in nation for building new housing, but needs even more of it to help lower high prices Visit: https://www.sltrib.com/news/politics/2019/05/23/utah-now-ranks-no-nation/

 

Thanks and Regards

Raju Chakraborty

Work at: https://www.webguru-india.com/

Aug 22, 2019 12:41 AM
Ambassador
3,158,329
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Yes. 

And. 

Yes. 

Aug 21, 2019 06:25 PM
Ambassador
4,743,584
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Yes and yes. I look at it monthly for multiple areas

Aug 21, 2019 07:36 AM