Sorry for the delay in blogging this month,but I have been traveling and am currently in Las Vegas at the National Associations of Realtors convention. (Tough life!) While learning the best and latest techniques in getting property sold, I also got to completely understand absorption rate calculation and what it means. In doing the rate for Asheville, we find that we have an inventory of 16 months. This means that it will take 16 months to sell all the houses currently on the market. While that is high (6 months would be a neutral market) it is better than it was 3 months ago (22 months).
So the trend is positive. If I was a buyer I would be looking now for bargains since this probably won't always be the case next year. There is plenty of mortgage money for investors as well as owner occupied homes. I will explore some of the newest tecnology next week.
Michael
www.kellerwilliamsasheville.com
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