Absorption rate, the leading indicator of trending market activity, continues to gain ground in February 2012. This tells us that of all of the homes available for sale, more and more are being sold (absorbed) by the buying public. With absorption rates this high, buyers will find themselves competing for the more-desirable homes on the market. The laws of supply and demand would indicate this is an ideal time for home sellers to come to market if they have a home they need to sell this year.
Data prepared and analyzed by Julie Nugent for Windermere Real Estate/Mercer Island. For questions or comments, email Julie at firstname.lastname@example.org.