Definition of Absorption Rate:
Number of weeks it takes to sell current inventory at present rate of sales.
Absorption rate can be used as a way to track the "trend" of the market.
The figures used are per Big Bear MLS,
this number will be posted the middle of every month on this blog
1. The current number of listings (residential) all that are listed as Active, Contingent, Pending (in escrow) and Active Contingent (waiting on bank approval of short sale)
2. The number of sold properties for the previous month.
Absorption Rate is: 57 weeks
