Why is an absorption rate important? It tracks the number of weeks that the current inventory will take to sell provided that sales are continuing at the same rate as last month.
Here in Walton County and along the 30A Corridor, condos that are south of the corridor or closest to the beach area have only a 22 week supply left. Why is this important? Buyers need to keep an eye on this number because anything less than 26 weeks is an indicator that the market is beginning to shift. Once inventory is absorbed in any particular area or product type then the prices will beging to rise.
I work exclusively as a buyer’s agent and welcome working with you as well.