Here is the Clarksburg (zipcode 20871) Area supply and demand chart for October2013. The Green bars represent the percentage of available homes that went under contract this month. The absorption rate is determined by the number of homes on the market and the number of homes selling that month. Typically the Under Contracts are the lead indicator of activity since it usually takes 30-60 days for most homes to go from under contract to sold.
Clarksburg's absorption rate dropped below 20%. Some of this is a factor of the government shutdown and a seasonal slowing. New home inventory has also played a major role in the Clarksburg market. As we get closer to the end of the year I anticipate the absorption rate to hold steady.
If you are interested in learning more about this great market, speak with a professional at RE/MAX Realty Centre 301-774-5900
Absorption Rate
October 2013 17.6% absorption rate
October 2012 19.1% absorption rate
October 2011 10.4% absorption
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