This is the fourth blog about the rate at which homes are selling in various parts of Laurel Maryland.  Today’s blog will cover the Absorption rate in the Ann Arundel portion of Laurel MD.

The Absorption rate is the amount of homes listed that are selling in the first 30 days.   Currently in Ann Arundel Laurel MD there are 52 homes actively listed for sale.  In addition, there are 9 homes listed as pending/under contract.  If you add the pending home and the active homes you get a total of 61.  Divide 61 by the number of pending homes and you get, .15.  This number translates into 15%.  In Ann Arundel Laurel MD, 15%  of homes are selling within the first 30 days.

Any Absorption rate below 23% is a buyers Market.  Laurel MD in Ann Arundel County is a buyer’s market.

For more information about Maryland, visit Maryland real estate.