Real Estate Market Conditions for Albany (and North Albany), Corvallis and Lebanon as of month end April 2015.
Simply put an absorption analysis tells us about current market conditions, based on rate of sales and volume of available properties In a market where inventory (amount of supply available) is limited, and demand is good, price increases typically are the outcome (Supply and demand).
This charts illustrate how many months of inventory are in place for given price tiers. Assuming that no new homes come on the market, and based on the current rate of absorption , we calculate the number of months inventory available.
Of course, there are always some properties in the market place that meet with resistance. Some factors that influence market resistance are condition, exact location, price, floor plan and neighboring influences have something to do with how a property is received in the market.
Absorption Rate is a tool that is used to gauge the tenor of the market.
Includes all single-family residential properties on less than two acres as reported by Willamette Valley Multiple-Listing Service (WVMLS). Information pulled 5/5/2015.