In real estate, the planners and developers of multi-unit
projects typically plan to sell a relatively large supply of a given product
over a given marketing time. This product may be single family lots, single
family houses, condominiums or other multiple unit properties. The astute
developer will not invest in large quantities of a product without having
empirical market demand evidence to support the anticipated production volume.
Professional real estate firms obtain this data through the use of Absorption
Studies. A proper study will offer not only historic sales volumes of a given
product, but will also address other competing properties that are both coming
on stream and exiting the market.
ELLIOTT® & Company Appraisers offers Absorption Studies
nationwide. We are available for a no obligation consultation on how we may
provide Absorption Studies for your projects.