{"id":3895,"date":"2007-10-03T16:21:07","date_gmt":"2007-10-03T20:21:07","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/2007\/10\/03\/market-statistics-for-south-beach-condos-33139\/"},"modified":"2019-04-23T20:58:09","modified_gmt":"2019-04-23T20:58:09","slug":"market-statistics-for-south-beach-condos-33139","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/market-statistics-for-south-beach-condos-33139\/","title":{"rendered":"Market Statistics for South Beach Condos-33139"},"content":{"rendered":"<p align=\"left\">&nbsp;<\/p>\n<p align=\"left\"><img loading=\"lazy\" width=\"461\" src=\"https:\/\/www.ewmrealestate.com\/blog\/wp-content\/blogs.dir\/230\/files\/2007\/10\/kevintomlinsoncom.jpg\" alt=\"kevintomlinsoncom.jpg\" height=\"173\" \/><\/p>\n<p align=\"left\">With the real estate market in a state of flux, absorption rates are increasingly used as an indicator to assess how long it would take to sell <strong>ALL<\/strong> the existing condos in each condominium, assuming the rate of sales stays constant and no new listings are added to the inventory. Additionally, absorption rates are the best way of tracking market performance. They are usually used to indicate \u201c<strong>overall real estate market performance,<\/strong>\u201d or how an entire market is doing.<\/p>\n<p>To calculate monthly absorption rate, I have taken all the condos that are currently on the market in each building in the South of Fifth Street (SoFi) <a href=\"http:\/\/www.kevintomlinson.com\/south-beach-real-estate.php\"><strong>neighborhood<\/strong> of South Beach<\/a>, and divided them by the number of listings that have sold in their respective condo in the past six months and divided that number by six. Many people compute absorption rates by using the number of sales in a one month period, but I use a six month sales average so it \u201csmoothes\u201d the seasonal \u201cpeaks and valleys\u201d to gauge the <em>true<\/em> overall activity.<\/p>\n<p><img loading=\"lazy\" width=\"467\" src=\"https:\/\/www.ewmrealestate.com\/blog\/wp-content\/blogs.dir\/230\/files\/2007\/10\/absorptionrate.jpg\" alt=\"absorptionrate.jpg\" height=\"505\" \/><\/p>\n<p><a href=\"http:\/\/www.southbeachrealestateblog.com\/2007\/09\/28\/miami-beach-real-estate-market-reports-for-luxury-south-beach-condos-absorption-rates-33139\/\">Learn more about <strong>South Beach luxury condo<\/strong> absorption rates at <strong>The South Beach Real Estate Blog<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/www.kevintomlinson.com\/buy_introduction.php\">Continue searching for Miami Beach condos here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; With the real estate market in a state of flux, absorption rates are increasingly used as an indicator to assess how long it would take to sell ALL the existing condos in each condominium, assuming the rate of sales stays constant and no new listings are added to the inventory. Additionally, absorption rates are<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/market-statistics-for-south-beach-condos-33139\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5395,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Statistics for South Beach Condos-33139 - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/market-statistics-for-south-beach-condos-33139\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Statistics for South Beach Condos-33139 - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"&nbsp; With the real estate market in a state of flux, absorption rates are increasingly used as an indicator to assess how long it would take to sell ALL the existing condos in each condominium, assuming the rate of sales stays constant and no new listings are added to the inventory. 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