Mark Worrilow of Fathom Realty is a Licensed Broker/Instructor in Virginia.
Stafford County residents recently received their biannual property tax assessments, revealing a significant increase in property values. On average, residential properties saw a 13% rise, while commercial properties surged by 23%.
Mark Worrilow of Fathom Realty shed light on the absorption rate in the Northern Virginia Real Estate market and its pivotal role in navigating the dynamic Real Estate landscape of Northern Virginia and Stafford County. Worrilow, an expert in the field, delved into why absorption rate holds significant importance for prospective buyers and sellers.
“When people inquire about the state of the market, the terms ‘seller’s market’ or ‘buyer’s market’ often get tossed around without much quantification,” remarked Worrilow. “Absorption rate provides that quantification by comparing the number of homes sold to those actively listed on the market.”
