Absorption Report

Decatur, Emerald North

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 30% 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 1 0.2 0
51k-75k 1 1 0.2 6
76k-100k 2 0.3 0
101k-125k 4 0.7 0
126k-150k 1 3 1 0.5 2
151k-175k 7 1 1.2 0
176k-200k 9 1 1.5 0
201k-225k 1 9 2 1.5 0.7
226k-250k 4 21 6 0.9 1.1
251k-275k 4 25 2 1 1
276k-300k 7 38 5 0.9 1.1
301k-325k 9 35 5 0.6 1.5
326k-350k 14 53 10 0.6 1.6
351k-375k 12 42 3 0.6 1.7
376k-400k 18 61 11 0.6 1.8
401k-425k 13 29 4 0.4 2.7
426k-450k 15 37 5 0.4 2.4
451k-475k 10 19 3 0.3 3.2
476k-500k 21 34 4 0.3 3.7
501k-550k 16 40 10 0.4 2.4
551k-600k 21 31 7 0.2 4.1
601k-650k 18 29 7 0.3 3.7
651k-700k 24 16 4 0.1 9
701k-750k 14 13 2 0.2 6.5
751k-800k 12 15 2 0.2 4.8
801k-850k 9 6 1 0.1 9
851k-900k 8 11 4 0.2 4.4
901k-950k 11 12 0.2 5.5
951k-1m 9 4 2 0.1 13.5
1m-1.1m 9 8 2 0.1 6.8
1.1m-1.2m 10 9 0.2 6.7
1.2m-1.3m 10 10 2 0.2 6
1.3m-1.4m 6 5 1 0.1 7.2
1.4m-1.5m 5 5 0.2 6
1.5m-1.6m 1 4 1 0.7 1.5
1.6m-1.7m 2 3 2 0.3 4
1.7m-1.8m 4 2 0.1 12
1.8m-1.9m 1 0
1.9m-2m 2 4 0.3 3
2m-2.25m 6 1 0 36
2.25m-2.5m 5 2 0.1 15
2.5m-2.75m 1 2 1 0.3 3
2.75m-3m 3 1 0.1 18
3m-3.5m 4 0
5.01m-6m 2 0

Townhouses 35% 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
251k-275k 2 4 1 0.3 3
276k-300k 3 5 3 0.3 3.6
301k-325k 2 5 0.4 2.4
326k-350k 7 5 4 0.1 8.4
351k-375k 2 0.3 0
376k-400k 2 1 0.1 12
401k-425k 1 0
451k-475k 1 0.2 0
476k-500k 1 4 1 0.7 1.5
501k-550k 2 1 0.1 12

Condos 33% 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
176k-200k 1 0.2 0
201k-225k 2 0.3 0
226k-250k 1 1 0.2 0
251k-275k 2 0
276k-300k 1 1 1 0.2 6
301k-325k 2 1 0.3 0
376k-400k 5 0

Land 14% 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 1 5 1 0.8 1.2
26k-50k 14 11 1 0.1 7.6
51k-75k 7 8 3 0.2 5.3
76k-100k 16 12 1 0.1 8
101k-125k 13 4 0.1 19.5
126k-150k 8 7 1 0.1 6.9
151k-175k 3 4 1 0.2 4.5
176k-200k 6 5 0.1 7.2
201k-225k 10 4 0.1 15
226k-250k 5 1 0 30
251k-275k 2 1 0.3 0
276k-300k 3 4 1 0.2 4.5
301k-325k 2 1 0.1 12
326k-350k 1 5 1 0.8 1.2
351k-375k 3 0
376k-400k 6 3 3 0.1 12
401k-425k 2 1 0.1 12
426k-450k 2 0
451k-475k 3 0
476k-500k 1 0
501k-550k 3 1 0.1 18
551k-600k 3 0
601k-650k 6 2 1 0.1 18
651k-700k 5 0
701k-750k 4 1 0 24
751k-800k 3 1 0.1 18
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 1 1 0.2 6
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0.2 0
1.3m-1.4m 2 0
1.6m-1.7m 1 0.2 0
3m-3.5m 1 0
5.01m-6m 1 0