The absorption rate provides insight into the real estate market letting us know the rate at which homes sell in an area over a period of time. In most cases, an absorption rate above 20% is associated with a seller’s market and an absorption rate below 15% is an indicator of a buyer’s market.  Typically, you would calculate the supply over a specific period to access these sales trends.

Why are absorption rates important? Real Estate Professionals will consider the absorption rate when determining a listing price. If the absorption rate has increased, this means that there is a good demand and smaller supply. If the absorption rate has slowed then that means the supply is great, and the competition is higher, therefore, this may justify a

Looking for something festive to do for Memorial Day? Whether you plan to lounge by the pool, throw some hamburgers on the grill, or head outdoors with family and friends, there are so many ways to celebrate the holiday. If you are looking for something to do during the three-day weekend, keep reading! Below is a list of fun things to do outside for Memorial Day.

 Dine Outdoors: Gather your family and friends for a cookout or a picnic. Keep a memorial theme by decorating with red, white, and blue colors; Add a flag or two to up the patriotic factor. Don’t feel like cooking? We get it! Try some of these local restaurants with outdoor seating:

• The Brunch House

• Pizza Joint

• Beamie’s at the River

• Noble Jones