homes

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...

Hampsted Village Homes Sold in 2007

A year end review shows that while the real estate market slowed down in 2007, is it may not be the doom and gloom picture painted by the national media.  In fact, Forbes Magazine recently ranked Columbus as the 3rd most stable housing market of the 40 largest American cities. In Hampsted Village, the average 2007 sales price was $358,800, compared to 2006, where the average sales price was $355,891....

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