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
Industrial
$2,600,000
Commercial / Mechanic
$1,500,000
Business / 10,000 SqFt
$450,000
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(201) 858 - 3300
Bayonne Homes for Sale & Bayonne Real Estate - NJ  
Coldwell Banker
1-Family / 5 BR
$519,000
2-Family / 3 BR
$299,000
4-Family / 6 BR
$409,900
Condo / 1 BR
$134,900
Bayonne NJ, 1-Family
Bayonne NJ, 2-Family
Bayonne NJ, 4-Family
Bayonne NJ, Condo