Absorption Report

Decatur, Multi-unit, Columbia High School


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

Condos 21% 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 8 1 0 48
26k-50k 1 3 1 0.5 2
51k-75k 2 3 1 0.3 4
76k-100k 3 3 1 0.2 6
101k-125k 1 6 2 1 1
126k-150k 15 19 5 0.2 4.7
151k-175k 17 30 7 0.3 3.4
176k-200k 41 56 19 0.2 4.4
201k-225k 59 98 11 0.3 3.6
226k-250k 84 104 22 0.2 4.8
251k-275k 84 87 21 0.2 5.8
276k-300k 97 120 23 0.2 4.9
301k-325k 80 98 18 0.2 4.9
326k-350k 71 101 21 0.2 4.2
351k-375k 48 67 9 0.2 4.3
376k-400k 58 61 12 0.2 5.7
401k-425k 42 50 7 0.2 5
426k-450k 31 45 10 0.2 4.1
451k-475k 18 30 2 0.3 3.6
476k-500k 34 41 11 0.2 5
501k-550k 56 45 5 0.1 7.5
551k-600k 33 34 5 0.2 5.8
601k-650k 15 19 1 0.2 4.7
651k-700k 20 16 0.1 7.5
701k-750k 16 19 2 0.2 5.1
751k-800k 10 11 1 0.2 5.5
801k-850k 11 11 1 0.2 6
851k-900k 10 7 1 0.1 8.6
901k-950k 6 6 0.2 6
951k-1m 9 2 0 27
1m-1.1m 2 8 0.7 1.5
1.1m-1.2m 14 7 1 0.1 12
1.2m-1.3m 9 7 1 0.1 7.7
1.3m-1.4m 3 3 0.2 6
1.4m-1.5m 12 3 0 24
1.5m-1.6m 2 4 0.3 3
1.6m-1.7m 3 4 2 0.2 4.5
1.7m-1.8m 4 1 0 24
1.8m-1.9m 3 0
1.9m-2m 4 2 0.1 12
2m-2.25m 6 5 0.1 7.2
2.25m-2.5m 6 2 0.1 18
2.5m-2.75m 2 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0
4.5m-5m 4 0
5.01m-6m 1 0
10.01m-11m 1 0
13.01m-14m 1 0