Vacancy Rate Essential terms you should know.

Vacancy Rate A Term You Need to Know

The vacancy rate is a measure of the proportion of vacant properties within a given housing market or geographical area. It is typically expressed as a percentage of the total number of properties available for rent or sale. The vacancy rate is used to track the availability of housing in a specific market and to assess the level of demand for rental or owner-occupied properties. A high vacancy rate indicates that there is an oversupply of properties in the market, while a low vacancy rate indicates a high demand for housing. The vacancy rate is considered an important indicator of the health of a real estate market and is closely watched by economists, real estate investors, and policymakers.

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