Absorption Rate (in Months) is a measurement of Supply vs. Demand. It is calculated by dividing the number of homes sold in a month by the number of homes on the market. A higher number equates to more supply and a lower number means less supply. A 6 month supply is generally considered a Balanced Market.
[market_stats title=”Belen 87002 Housing Inventory” width=”100%” height=”200″ type=”absorption” property_type=”A” location=”PostalCode=87002&87002″]
[market_stats title=”Bernalillo 87004 Housing Inventory” width=”100%” height=”200″ type=”absorption” property_type=”A” location=”PostalCode=87004&87004″]
[market_stats title=”Cedar Crest 87008 Housing Inventory” width=”100%” height=”200″ type=”absorption” property_type=”A” location=”PostalCode=87008&87008″]
[market_stats title=”Edgewood 87015 Housing Inventory” width=”100%” height=”200″ type=”absorption” property_type=”A” location=”PostalCode=87015&87015″]