Absorption Rate: An estimate of the rate at which home sales can be expected to occur, based on historic sales information.
One of the keys to properly pricing your New Orleans West Bank home to sell is to review the absorption rate for your community. Absorption reports tell you how many homes are for sale in various price ranges, how quickly homes in those ranges are selling and estimates your statistical odds of a sale in the next 90 days.
New Orleans West Bank Absorption Reports:
Algiers, LA: April 2008 Real Estate Market Absorption Rates
City of Gretna, LA: April 2008 Absorption Rates
Terrytown and Gretna, LA: April 2008 Real Estate Absorption Rates
Belle Chasse, LA: April 2008 Real Estate Absorption Report
Harvey, LA: April 2008 Real Estate Absorption Report
Marrero, LA: April 2008 Real Estate Absorption Report
Westwego, Avondale and Bridge City, LA: April 2008 Real Estate Absorption Rate
While these reports are for the entire zip code or community, it is always a good idea to get a report specific to your neighborhood. An experienced West Bank REALTOR® is the best source to keep you up to date with the real estate market in your area and to assist you with the ins and outs of buying or selling your home. Feel free to contact Lisa Heindel with any of your real estate questions.
Related Reading:
Selling Your Home Is A Business - Run It Like One!
5 Dos and Don'ts for Home Sellers
When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.
Copyright 2008. Lisa Heindel, All rights reserved.
Lisa, great post. I like how you set these up. It makes it more chewable for your readers! ;-)