absorption rate

Absorption Rate in New Albany

Yes, absorption is the correct term for Sponge Bob's ability to soak up water and the same holds true in the real estate industry. In real estate, the absorption rate is the amount of time, generally expressed in months, that it will take a market to "absorb" the current inventory based on recent history. In other industries, this measurement may be called turnover rate or simply weeks or months of...

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