Update On Home Staging
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I calculate absorption rates in relation to homes sold per month. Thus, for South Lake Tahoe the absorption rate is the number of homes purchased from the last year, 341, divided by the months in a year, twelve. 28.4 homes could be per month in South Lake Tahoe. This is the absorption amount. (Feel free to skip but beyond of this paragraph.) Men and women like to express absorption rates in relation to the amount of inventory. Our inventory in South Lake Tahoe is 476 homes. Thus, 28.4 homes is six.97% of the inventory; so the absorption rate is 5.97% of this inventory 30 days.
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