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In a market area, there were 168 single-family sales last year, and there are currently 98 properties on the market. What is the monthly absorption rate

Respuesta :

The monthly absorption rate of the single-family properties is 5.8

What is the monthly absorption rate?

The monthly absorption rate is a measure used in real estate to determine the rate at which houses are sold in a particular period of time. The absorption rate gives an insight to the rate at which houses are sold in a particular period of time.

Monthly absorption rate = number of houses sold / 12

(168 - 98) / 12 = 5.8

To learn more about absorption rate, please check: https://brainly.com/question/14347332