5 Year Real Estate Trend for the Absorption Rate Based on Closed Sales for Lenexa, KS
Absorption Rate
About Absorption Rate Report
- Absorption Rate based on Closed Sales (%)
Absorption Rate based on Closed Sales (%) = the number of properties sold divided by the number of properties for sale (in percentage).
For instance, if there are 1,000 active listings and 100 of them sold in a given month, the rate of absorption would be 10%. 10% of the market is being sold in that given month. - Absorption Rate based on Pended Sales (%)
Absorption Rate based on Pended Sales (%) = the number of properties pended divided by the number of properties for sale (in percentage).
How to Use Months of Inventory Report?
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