We're all watching inventory and that absorption rate.
Active Inventory Week Ending 7/31/2021
Active inventory is the number of properties available for sale at the end of the month, based on the contract date. July indicated a flattening.
Absorption Rate Week Ending 7/31/2021
Absorption Rate is the number of weeks it would take to sell through the active inventory at the current sales rate.
Note: Analytics based on data for four counties - Marion, Linn, Benton, and Polk). Residences under .5 Acre.