Northwest Suburbs of Chicago

PropertyUp Trusted Real Estate Advisors Video Blog

Get A Free Home Value Report!
homes for sale in illinois

How Will Absorption Rates Affect Your Real Estate Transaction in Barrington?

Want to sell your home? Get a FREE home value report.
Want to buy a home? Search all homes for sale.

An absorption rate is the inverse of months of supply. For example, if there are 100 homes listed for sale in a certain area, and 10 condos sold over the last month, the absorption rate is 10/100=10%. An absorption rate of 20% or higher means that homes are selling quickly and the market favors sellers.

A good absorption rate for buyers would be 12 months, and sellers will always prefer less time, like one or two months.

We currently have a 5.4% absorption rate in Lake County, so it will take about 5 months to sell all the properties out there. This is about as low a level of inventory as I’ve seen in the past few years. This places us squarely in a seller’s market, so put your home on the market now if you’ve been thinking of doing so.

If you have any questions about this topic, please don’t hesitate to ask. We may even shoot a video in response to your question!

 

Search Chicagoland Real Estate

  • real estate site in chicagoland
  • RELATED BLOGS

    Tags

    RECENT POST

    CATEGORIES

    Buyer Info - Your Buyers Agent

    Questions to Ask Realtor

    Real Estate Updates per City

    Arlington Heights Real Estate

    Aurora Real Estate

    Barrington Hills Real Estate

    Barrington Real Estate

    Bartlett Real Estate

    Carol Stream Real Estate

    Chicago real estate

    Crystal Lake Real Estate

    Fox Lake Real Estate

    Gurnee Real Estate

    Hanover Park Real Estate

    Hoffman Estates Real Estate

    Lake Barrington Real Estate

    Lake Zurich Real Estate

    Lakemoor Real Estate

    Long Grove Real Estate

    McHenry Real Estate

    North Barrington Real Estate

    Northbrook Real Estate

    Palatine Real Estate

    Port Barrington Real Estate

    Rolling Meadows Real Estate

    Roselle Real Estate

    Schaumburg Real Estate

    South Barrington Real Estate

    Stream Wood Real Estate

    Vernon Hills Real Estate

    Seller Info - List Property for Sale

    Spring Cleanup

    Testimonials

    Video Blog