Absorption rates are a calculation of how long it will take for all the homes on the market to be sold, or absorbed, based on how many homes are on the market and how many were purchased in the last 30 days.
I thought the box of kleenex would go well with this post for a couple of reasons that I won’t get into. If you know someone who has their home on the market please give them a big hug.
Homes sales are always slower during the holidays and they generally pick up in January and February. This year with the cold and snowy weather is also slowing things down.
The numbers used for calculating absorption rates are from the regional MLS, which is deemed reliable but not guaranteed, and should not be confused with MLSonline, which is a real estate company, not the MLS.
To view absorption rates and other numbers from prior months please see Local Market Conditions & Home prices.
Anoka County – 14.3 Months
Carver County – 14.7 Months
Dakota County – 12.6 Months
Hennepin County – 10.82 Months
Ramsey County – 10.9 Months
Scott County – 14.6 Months
Washington – 13.7 Months