Absorption is amount of inventory or
units of a specific property type that
become occupied during a specified
time period (usually a year) in a given
market, typically reported as the
absorption rate.
To calculate this number, take the
number of properties that are active,
and divide it by the number of
properties that are under contract.
What this means:
< 5.00 is considered a Seller's
Market.
Between 5.00 and 6.00 is considered
a Normal Market.
> 6.00 is considered a Buyer's
Market.
One Family
97 active / 17 under contract =
17.53 months
2-4 Family
171 active / 39 under contract =
20.8 months
Vacant Land
14 active / 3 under contract =
21.00 months
Commercial/Investment
42 active / 6 under contract =
14.1 months
Condo/Co-op
107 active / 9 under contract =
8.41 months
The Entire Bayonne, NJ Real
Estate Market
431 active / 74 under contract =
17.17
Absorption Rate
Coldwell Banker Jablonski 677 Broadway Bayonne, NJ 07002 (201) 858-3300
|
Commercial / Mechanic $1,500,000
|
Business / 10,000 SqFt $450,000
|
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