Absorption Report

Covington, Roberts Road


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 25% 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
1k-25k 2 0
76k-100k 1 0.2 0
101k-125k 1 2 0.3 3
126k-150k 6 1 0
151k-175k 1 19 3 3.2 0.3
176k-200k 11 22 8 0.3 3
201k-225k 13 45 7 0.6 1.7
226k-250k 51 44 10 0.1 7
251k-275k 29 52 7 0.3 3.3
276k-300k 49 75 19 0.3 3.9
301k-325k 38 58 6 0.3 3.9
326k-350k 38 55 8 0.2 4.1
351k-375k 31 37 2 0.2 5
376k-400k 32 41 4 0.2 4.7
401k-425k 15 19 2 0.2 4.7
426k-450k 22 36 7 0.3 3.7
451k-475k 11 22 6 0.3 3
476k-500k 20 27 5 0.2 4.4
501k-550k 15 32 4 0.4 2.8
551k-600k 9 29 5 0.5 1.9
601k-650k 9 21 4 0.4 2.6
651k-700k 6 26 6 0.7 1.4
701k-750k 10 22 6 0.4 2.7
751k-800k 13 19 3 0.2 4.1
801k-850k 7 21 1 0.5 2
851k-900k 8 5 0.1 9.6
901k-950k 1 7 1 1.2 0.9
951k-1m 2 5 2 0.4 2.4
1m-1.1m 2 11 2 0.9 1.1
1.1m-1.2m 1 12 2 2 0.5
1.2m-1.3m 1 10 1.7 0.6
1.3m-1.4m 4 0.7 0
1.4m-1.5m 4 1 0 24
1.5m-1.6m 1 4 1 0.7 1.5
1.6m-1.7m 2 4 2 0.3 3
1.7m-1.8m 3 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.75m-3m 1 0

Townhouses 31% 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
101k-125k 1 0
126k-150k 1 2 0.3 3
151k-175k 3 4 0.2 4.5
176k-200k 15 4 2 0 22.5
201k-225k 9 21 2 0.4 2.6
226k-250k 5 7 1 0.2 4.3
251k-275k 6 13 3 0.4 2.8
276k-300k 27 25 5 0.2 6.5
301k-325k 4 1 0.7 0
326k-350k 2 8 1 0.7 1.5
351k-375k 1 1 0.2 6
376k-400k 4 6 4 0.3 4
401k-425k 1 4 1 0.7 1.5
426k-450k 2 6 2 0.5 2
451k-475k 2 4 0.3 3
476k-500k 4 10 2 0.4 2.4
501k-550k 9 16 3 0.3 3.4
551k-600k 2 6 1 0.5 2
601k-650k 4 10 3 0.4 2.4
651k-700k 4 15 3 0.6 1.6
701k-750k 2 4 0.3 3
751k-800k 4 1 0 24
801k-850k 1 4 0.7 1.5
851k-900k 3 0
901k-950k 1 2 0.3 3
951k-1m 2 0
1.1m-1.2m 1 1 0.2 0

Condos 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 2 0.3 3
51k-75k 1 1 0.2 6
76k-100k 2 0.3 0
101k-125k 5 4 1 0.1 7.5
126k-150k 2 6 1 0.5 2
151k-175k 4 7 0.3 3.4
176k-200k 10 7 2 0.1 8.6
201k-225k 5 10 2 0.3 3
226k-250k 4 17 3 0.7 1.4
251k-275k 4 16 1 0.7 1.5
276k-300k 9 20 5 0.4 2.7
301k-325k 6 1 1 0
326k-350k 5 0.8 0
351k-375k 2 7 1 0.6 1.7
376k-400k 4 1 0 24
401k-425k 2 0.3 0
426k-450k 3 5 0.3 3.6
451k-475k 2 5 1 0.4 2.4
476k-500k 2 4 0.3 3
501k-550k 3 4 0.2 4.5
551k-600k 1 0.2 0
601k-650k 2 0
651k-700k 3 0.5 0
751k-800k 2 0.3 0

Land 4% 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
1k-25k 3 4 1 0.2 4.5
26k-50k 6 1 0 36
51k-75k 4 3 0.1 8
76k-100k 4 0
126k-150k 2 0
151k-175k 2 0
176k-200k 1 0
226k-250k 5 0
251k-275k 2 1 1 0.1 12
276k-300k 1 0
301k-325k 2 0
326k-350k 1 0
376k-400k 1 0.2 0
426k-450k 2 0
451k-475k 1 0.2 0
476k-500k 1 1 0.2 6
501k-550k 3 0
551k-600k 1 0
601k-650k 3 0
1m-1.1m 1 1 0.2 0
1.1m-1.2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
4m-4.5m 1 0