Expect a good market by Jan’09
Saturday, May 24th, 2008That’s the update relative market absorption chart, for Montgomery county MD. In a nut shell, this chart compares the fraction of sold inventory to a year ago. So, if a bigger fraction of the homes on the market is getting sold compared to a year ago, this chart will be higher than 1. If not, then it will be less than one. Obviously, it’s been less than 1 since approximately March 2005 with only a slight peak on Feb 2007.
