Absorption Report

Cherry Log, Bushy Head

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 28% 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
26k-50k 1 0.2 0
51k-75k 1 2 1 0.3 3
76k-100k 2 0.3 0
126k-150k 1 3 1 0.5 2
151k-175k 5 1 0.8 0
176k-200k 5 11 2 0.4 2.7
201k-225k 3 19 5 1.1 0.9
226k-250k 22 38 8 0.3 3.5
251k-275k 19 48 12 0.4 2.4
276k-300k 25 68 11 0.5 2.2
301k-325k 35 52 10 0.2 4
326k-350k 68 57 14 0.1 7.2
351k-375k 51 65 17 0.2 4.7
376k-400k 38 60 19 0.3 3.8
401k-425k 31 34 4 0.2 5.5
426k-450k 42 41 3 0.2 6.1
451k-475k 30 20 4 0.1 9
476k-500k 35 18 5 0.1 11.7
501k-550k 33 32 6 0.2 6.2
551k-600k 30 28 8 0.2 6.4
601k-650k 12 13 3 0.2 5.5
651k-700k 10 9 5 0.2 6.7
701k-750k 2 5 1 0.4 2.4
751k-800k 2 8 2 0.7 1.5
801k-850k 2 1 0.1 12
851k-900k 2 0
951k-1m 2 0.3 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.5m-1.6m 2 0
2.25m-2.5m 1 1 0.2 0