How Do Absorption Rates affect you as #STLOUISREALESTATE
Home Buyers? Sellers?
Here's Spencer Talbott, Broker/Owner of STAgency Real Estate,
to give you the inside scoop...
It's no secret that the local St. Louis Real estate market is back in full swing! One of the key indicators of a "Healthy Market" is found through the calculation of the ABSORPTION RATE - or- the rate at which homes are selling in a specific area.
We use 3 pieces of information to find absorption rate: A specific time frame, the number of sold homes during that time frame and the number of active homes right now. So, what does this tell us about #STL's current market conditions?
Contact a KNOWLEDGEABLE REALTOR. Our team at STAgency knows the local market and act as your personal concierge to guide you through the home buying process.
Get a Pre-approval, through a qualified lender.
Checking your credit, keeping and eye on your finances and knowing your options go a low way. Having a pre-approval in hand can mean the difference between buying the home of your dreams, or a seller choosing a more qualified offer in this competitive market.
Contact STAgency Real Estate to learn more about buying, selling or investing in #stlouisrealestate today.