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Rainmaker
4,577,142
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

If it tells a story the sellers need to know, yes! As in the market is going back towards a longer marketing period.

Aug 10, 2022 04:11 AM
Rainmaker
819,390
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I have in the past and will again. 

Aug 10, 2022 05:37 AM
Rainmaker
850,282
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Yes, it's part of my  calculations.

Aug 10, 2022 05:31 AM
Rainmaker
1,431,411
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I did back when I was doing these.

Aug 09, 2022 06:37 PM
Rainmaker
576,406
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Definitely a tool we should be using ... especially now with the market changing on a daily basis.  We have to stay on top of this so we are consulting with our clients in their Best Interest!

Aug 10, 2022 08:46 AM
Rainmaker
946,891
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

They should! A very reliable measure of trends .  . . 

Aug 10, 2022 08:38 AM
Ambassador
3,162,244
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I do. It is playing a bigger role as my market is shifting from a hot seller market to increased inventory, longer days on market, and a LOT of price reductions. 

Aug 10, 2022 08:25 AM
Rainmaker
2,692,504
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

So many tools & tells are available. It is fascinating to watch the many pockets of Real Estate have the final say so via the market for their area. Recommend Hands-on in all neighborhoods

Aug 10, 2022 06:17 AM
Rainmaker
1,767,836
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Absolutely. I don't think that it's of very much use now that things are selling fast. But if market slows down ...

Aug 10, 2022 06:08 AM
Rainmaker
1,027,747
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Our absorption rate have been below 30 days for so long that it has become a forgotten item. If the market continues to slow, absorption rate will become a significant statistic again.

Aug 10, 2022 08:55 AM
Rainmaker
1,361,624
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Absorption rate:  I use typically for my sellers when listing and buyers when comping for an offer - but not since 2019. May have to start again soon.

 

Aug 11, 2022 05:52 AM
Rainmaker
1,379,070
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I think it is one of the most important data point.  Especially when the market slows like it has recently.  

Aug 10, 2022 04:36 PM
Rainmaker
4,345,495
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I think it is important and do.

 

Aug 10, 2022 11:04 AM
Rainmaker
698,299
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

No, only when drying off after a shower.

Aug 11, 2022 10:29 AM
Ambassador
3,078,025
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I do

Aug 11, 2022 08:42 AM
Rainmaker
5,335,533
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Absolutely, along with the other pertinent data we get daily.

Aug 11, 2022 06:27 AM