Absorption Report

Canton, Pebblewood Grove


Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 36% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
51k-75k 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 1 0.2 6
201k-225k 3 3 1 0.2 6
226k-250k 7 2 1.2 0
251k-275k 4 10 2 0.4 2.4
276k-300k 3 14 1 0.8 1.3
301k-325k 3 16 2 0.9 1.1
326k-350k 6 20 4 0.6 1.8
351k-375k 3 29 5 1.6 0.6
376k-400k 18 30 3 0.3 3.6
401k-425k 8 37 8 0.8 1.3
426k-450k 13 50 17 0.6 1.6
451k-475k 10 51 6 0.9 1.2
476k-500k 20 60 11 0.5 2
501k-550k 43 132 23 0.5 2
551k-600k 42 133 21 0.5 1.9
601k-650k 62 126 23 0.3 3
651k-700k 62 136 25 0.4 2.7
701k-750k 48 123 23 0.4 2.3
751k-800k 58 99 15 0.3 3.5
801k-850k 46 73 15 0.3 3.8
851k-900k 37 71 8 0.3 3.1
901k-950k 36 47 8 0.2 4.6
951k-1m 19 35 3 0.3 3.3
1m-1.1m 14 29 5 0.3 2.9
1.1m-1.2m 13 29 7 0.4 2.7
1.2m-1.3m 20 37 6 0.3 3.2
1.3m-1.4m 9 19 2 0.4 2.8
1.4m-1.5m 8 12 2 0.3 4
1.5m-1.6m 5 10 2 0.3 3
1.6m-1.7m 13 6 2 0.1 13
1.7m-1.8m 6 2 0.1 18
1.8m-1.9m 9 1 0 54
1.9m-2m 3 4 0.2 4.5
2m-2.25m 3 5 0.3 3.6
2.25m-2.5m 8 4 0.1 12
2.5m-2.75m 3 2 2 0.1 9
2.75m-3m 4 1 1 0 24
3m-3.5m 4 1 0 24
3.5m-4m 6 3 2 0.1 12
4.5m-5m 1 0
7.01m-8m 1 0