Quote:
Originally Posted by Radley77
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Abysmal?
From the site you list ( http://www.andrewkyle.com/mlsca/home...report#chart_a)
Quote:
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Over December, the Absorption Rate (AR) for houses was 4.59, and for condos, almost the same at 4.43, yielding a combined AR of 4.54. (See Chart A - Absorption Rate Trend) This is a significant improvement over the average AR of 5.23 in September, the "high water mark" of the fall '07 correction. And with January typically bringing out many buyers who otherwise sit on the sidelines in November-December, I expect we are on our way to being in a "balanced market" situation in late winter or spring.
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That doesn't sound "abysmal" to me.
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