I have not written an absorption rate post since last October, they have not been very interesting and have not changed much. They have gone up a little which makes sense, October was a good month and January is always a bit slow.
Absorption rates are a calculation of how long it will take for all the homes on the market to be sold, or absorbed, at the current rate of sales. I do love numbers, and these are in months, the data used came from the RMLS, (MLS) and is deemed reliable but not guaranteed. Sadly there are no guarantees in life.
These are for the seven county metro area, which is like the 13 county metro area except smaller.
Anoka County 5.8 Months
Carver County 9.7 Months
Dakota County 6.6 Months
Hennepin County 6.4 Months
Ramsey County 5.8 Months
Scott County 6.7 Months
Washington County 7.0 Months
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