Absorption Report

Decatur, Mount Vernon Dr

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 29% 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 0
26k-50k 2 0
51k-75k 1 1 0.2 0
101k-125k 1 1 0.2 0
126k-150k 1 2 1 0.3 3
151k-175k 2 0.3 0
176k-200k 2 4 1 0.3 3
201k-225k 1 6 1 1 1
226k-250k 2 7 1 0.6 1.7
251k-275k 4 13 0.5 1.8
276k-300k 13 28 8 0.4 2.8
301k-325k 8 47 7 1 1
326k-350k 43 92 10 0.4 2.8
351k-375k 27 116 14 0.7 1.4
376k-400k 41 148 22 0.6 1.7
401k-425k 32 127 14 0.7 1.5
426k-450k 49 160 27 0.5 1.8
451k-475k 19 113 15 1 1
476k-500k 49 118 16 0.4 2.5
501k-550k 98 188 21 0.3 3.1
551k-600k 72 153 19 0.4 2.8
601k-650k 77 123 18 0.3 3.8
651k-700k 62 124 16 0.3 3
701k-750k 41 70 8 0.3 3.5
751k-800k 37 70 6 0.3 3.2
801k-850k 20 43 5 0.4 2.8
851k-900k 33 40 6 0.2 5
901k-950k 18 25 4 0.2 4.3
951k-1m 15 27 4 0.3 3.3
1m-1.1m 15 27 2 0.3 3.3
1.1m-1.2m 15 19 3 0.2 4.7
1.2m-1.3m 13 14 3 0.2 5.6
1.3m-1.4m 11 13 0.2 5.1
1.4m-1.5m 14 10 2 0.1 8.4
1.5m-1.6m 6 5 0.1 7.2
1.6m-1.7m 5 4 1 0.1 7.5
1.7m-1.8m 6 3 1 0.1 12
1.8m-1.9m 4 2 1 0.1 12
1.9m-2m 5 0
2m-2.25m 5 3 0.1 10
2.25m-2.5m 15 5 2 0.1 18
2.5m-2.75m 6 1 1 0 36
2.75m-3m 4 1 0 24
3m-3.5m 3 0
3.5m-4m 4 0
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 2 0

Townhouses 24% 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
226k-250k 2 0.3 0
251k-275k 6 2 1 0
276k-300k 3 7 1 0.4 2.6
301k-325k 4 25 2 1 1
326k-350k 7 28 8 0.7 1.5
351k-375k 14 20 0.2 4.2
376k-400k 7 15 2 0.4 2.8
401k-425k 8 16 2 0.3 3
426k-450k 13 16 1 0.2 4.9
451k-475k 7 7 2 0.2 6
476k-500k 7 11 2 0.3 3.8
501k-550k 6 13 1 0.4 2.8
551k-600k 16 7 0.1 13.7
601k-650k 3 2 0.1 9
651k-700k 4 3 1 0.1 8
701k-750k 7 5 0.1 8.4
751k-800k 4 6 0.3 4
801k-850k 3 0.5 0
851k-900k 1 0.2 0
951k-1m 2 1 0.3 0
1m-1.1m 2 0.3 0

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
151k-175k 1 0.2 0
176k-200k 1 2 0.3 3
201k-225k 1 2 1 0.3 3
301k-325k 1 3 0.5 2
326k-350k 1 2 0.3 3
351k-375k 1 2 0.3 3
376k-400k 1 1 0.2 6
401k-425k 2 4 0.3 3
426k-450k 2 3 1 0.3 4
451k-475k 1 1 0.2 6
476k-500k 1 3 1 0.5 2
501k-550k 1 1 0.2 6
751k-800k 1 0
851k-900k 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2.75m-3m 1 0

Land 13% 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 5 4 1 0.1 7.5
26k-50k 12 14 0.2 5.1
51k-75k 11 6 1 0.1 11
76k-100k 7 9 2 0.2 4.7
101k-125k 6 5 1 0.1 7.2
126k-150k 6 6 0.2 6
151k-175k 14 4 0 21
176k-200k 6 6 2 0.2 6
201k-225k 8 5 1 0.1 9.6
226k-250k 14 7 3 0.1 12
251k-275k 8 3 1 0.1 16
276k-300k 8 4 0.1 12
301k-325k 5 2 0.1 15
326k-350k 10 1 0 60
351k-375k 4 0
376k-400k 6 2 1 0
401k-425k 2 0
426k-450k 5 0
451k-475k 3 1 1 0.1 18
476k-500k 8 2 0 24
501k-550k 7 1 0 42
551k-600k 6 1 1 0 36
601k-650k 2 1 1 0.1 12
651k-700k 10 1 0 60
701k-750k 4 0
751k-800k 5 0
801k-850k 1 0
851k-900k 2 0
901k-950k 1 1 0.2 6
951k-1m 3 1 0.1 18
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 2 1 0.3 3
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 6 1 1 0 36
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 1 1 1 0.2 6
1.9m-2m 3 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 4 1 0 24
3.5m-4m 2 0
4m-4.5m 1 0
4.5m-5m 1 0.2 0
5.01m-6m 2 0
6.01m-7m 1 0