Question

Give the formula to calculate the absorption percentage.

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Answer 1

Answer:

It is calculated by dividing the number of homes sold in the allotted time period by the total number of available homes.

Answer 2

Answer:

Absorption rate is the rate at which homes sell in a specific market over a given period of time, usually a month. The absorption rate is calculated by dividing the number of homes that sold over the given period of time by the total number of homes still for sale. If an area contains homes in two different price ranges, you can calculate the absorption rate just for homes in your price range. The higher the absorption rate, the faster homes are selling.

Explanation:

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