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Selling A Home in Springfield MO? What The Heck Are Absorption Rates And Why Should I Care?

Statistics are boring sometimes, but they can give you a lot of useful information. I did stay awake in stats class in college!

One of the most important statistics when considering selling your home in Springfield is the current absorption rate. This is calculated in either months or weeks and tells how quickly homes on the market are selling. Keep in mind the absorption rate can vary by price range, sq. footage of your home, even by neighborhood.

Typically more than 26 weeks inventory of homes indicates a buyer's market. Less than 26 weeks inventory indicates a seller's market. Somewhere in the middle is a balanced market.

The absorption rate can give you an idea of how long it should take your home to sell if priced and marketed correctly. Of course there are exceptions but its a good starting point. Here is an example graph of the absorption rate for Springfield. Springfield Missouri Real Estate Absorption Rates

If you would like for us to figure the absorption rate for your neighborhood in Springfield, Ozark, Nixa, or surrounding communities just give us a call. We're here to help.

About The Authors:  Betty Knowles is a full-time REALTOR® with Coldwell Banker Vanguard REALTORS® in Springfield, MO and proudly serves on the board of the Greater Springfield Board of REALTORS®.  She also served as President of Women’s Council Of REALTORS® in Southwest Missouri.  Betty’s genuine passion is helping people buy and sell homes in Springfield, Ozark, Nixa, and surrounding communities.  

John Knowles is likewise a full-time REALTOR® with Coldwell Banker Vanguard and a member of the Greater Springfield Board of REALTORS®. A self-proclaimed computer geek, John is talented at developing real estate websites, videos, photography, blogs, search engine optimization and other technical skills essential to marketing and selling real estate in Springfield MO.

Together this dynamic team makes up TeamKnowles REALTORS®, Spouses Selling Houses!  They are dedicated to doing what it takes to sell your home in the greater Springfield real estate market, or help you purchase a home that fits your particular needs. Give TeamKnowles a call today; you’ll be glad you did!

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Comment balloon 3 commentsBetty Knowles • November 10 2009 06:35AM
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