An absorption report is a tool used to determine trends in your real estate market.
- How many homes are for sale in the area? Note: Homes listed with an agent only – For Sale by Owners are not included in these reports.
- How long is it taking them to sell?
- How many have sold in the last 90 days?
- What price ranges are selling fastest?
It is basically a bird’s eye view of the supply and demand in your real estate market and is a way to do a spot check of current market conditions. Remember, an absorption report is only a snapshot of the current market and the percentages change each time a new listing comes on the market or an existing listing sells.
Gretna – Zip code 70053
(as of 11/24/2007)
Terrytown – Zip Code 70056
(as of 11/24/2007)
As always, price is key to getting your home sold quickly. A poor location or less than perfect condition can be overcome with the appropriate price. Resist the temptation to price it high and wait for offers!
Sign up for Market Snapshot, a free report on recent sales and listings in your area provided by Lisa Heindel, Realtor®. Your Snapshot will be delivered directly to your email monthly and you can unsubscribe at any time.
Your West Bank Real Estate Specialist
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