Joe Buffington

Here is the Clarksburg supply and demand chart for October 2008. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

Keep in mind that these numbers are resale homes not the new homes. Clarksburg has seen a year to year increase in absorption rates. October 2008 saw a huge increase in the absorption rate over October 2007. We have also seen signs of bottoming out on certain types of homes in Clarksburgs. For instance, many of the detached garage townhomes are selling now for close to what they sold for in the spring. Things are really looking up for Clarksburg.

Absorption Rates:

October 2008 8.2% absorption rate

October 2007 5.1% absorption rate

October 2006 6.5% absorption rate

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for October 2008. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

The 2008 absorption numbers surpassed the 2007 numbers. I expect this trend to continue.

Absorption Rates:

October 2008 11.6% absorption rate

October 2007 9.6% absorption rate

October 2006 13% absorption rate

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for September 2008. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

The 2008 absorption numbers are still lagging behind the 2007 rates by about 3% for the last couple months.

Absorption Rates:

September 2008 10.2% absorption rate

September 2007 13.7% absorption rate

September 2006 12.6% absorption rate

Here is the Clarksburg supply and demand chart for September 2008. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

Keep in mind that these numbers are resale homes not the new homes. Clarksburg has seen a year to year increase in absorption rates. September 2008 saw a huge increase in the absorption rate over September 2007. We have also seen signs of bottoming out on certain types of homes in Clarksburgs. For instance, many of the detached garage townhomes are selling now for close to what they sold for in the spring. Things are really looking up for Clarksburg.

Absorption Rates:

September 2008 9.2% absorption rate

September 2007 3.7% absorption rate

September 2006 6.7% absorption rate

Here is the Clarksburg supply and demand chart for August 2008. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

Keep in mind that these numbers are resale homes not the new homes. Clarksburg has seen a year to year increase in absorption rates. Granted 11% is not one of the highest rates in the county, but the increase is encouraging. My eye is on the 2nd half of 08 to see the market hold steady over 07. It was this time last year that the market came to a standstill.

Absorption Rates:

August 2008 11% absorption rate

August 2007 7% absorption rate

August 2006 5% absorption rate