For most real estate agents that are either new to the industry or are still trying to identify their real estate farm, learning how to calculate an area’s turnover and absorption rates is the first thing they should do.
As a real estate agent, statistical knowledge of the neighborhood you’re considering farming in is vital. Knowing the turnover and absorption rates of an area before you set down roots in it, will ensure that you are not targeting an area that isn’t suitable for your business goals.
