This is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time. For example, suppose that a city has 1,000 homes currently on the market to be sold. If buyers snap up 100 homes per month, the supply of homes will be exhausted in 10 months (1,000 homes divided by 100 homes sold per month). If a homeowner is looking to sell a piece of property, he knows that half of the market will be sold out in five months. This rate does not take into account additional homes that enter the market. The absorption rate can also be a signal to developers to start building new homes.
Let me start by saying that my expectations were surpassed immensely. I have been looking at a few houses with a friend who is in the real estate business but was having no luck. So I decided to look on the Internet, to find a realestate agency in the Huntsville area to see what options they offer. I was surprised to find that Amanda Howard realestate was number one in Alabama and ranked in the top 50 across the US. I was shocked again to find that Amanda Howard was endorsed by Barbara Corcoran …
We weren’t looking to buy a house, but I’m glad we came to Amanda Howard when we did. Whitney Stringer was a perfect fit for us first time home buyers! She listened to our concerns, answered our questions, and was patient and very professional. We looked at the house on 6/16, put in an offer on 6/17, and closed on 7/27. Everything went smoothly (and quickly). If we ever have to sell or buy again, we’d definitely go through AHRE!
I moved down here in April 2015 from New York and I did not know any one besides my brother. This company took me in and I consider them my second family. I have had numerous jobs in the past and this is by far the best company I have ever worked for. They also helped me purchase my first house for a great price and great conditions. Nothing but amazing this to say about this company!
Amanda Howard Real Estate is by far the greatest company you could work for in this industry. I have never been happier in my life and have the greatest team to support me. This company is a big family and they want everyone to be successful. You couldn’t ask for a better place to have your career. Best decision hands down to work with this company!
Excellent and best service. Very attentive to my needs and friendly staff
True professionals that are passionate about their business.
I never hesitate to refer a relocating client to Amanda and Team. They have proven systems for both buyers and sellers and deliver top notch customer service throughout the process… and most importantly RESULTS! The Amanda Howard Team are true professionals and masters of their craft!
Our agent, Natsuki Tani, worked PATIENTLY with us for over 3 months to help us find a great house.
Absolutely loved working with this amazing team! Whitney was so helpful in helping us find our home and a genuine person. Great experience all around 😉
We were very pleased with the professionalism, friendliness, and great communication with Natalie. She was a pleasure to work with. The home buying process was made so easy and everything went smoothly.