Absorption Report

Gordon, Wilkinson County Elementary 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

Houses 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
1k-25k 16 1 1 0 96
26k-50k 2 2 0.2 6
51k-75k 2 5 1 0.4 2.4
76k-100k 2 7 0.6 1.7
101k-125k 8 2 1.3 0
126k-150k 4 19 1 0.8 1.3
151k-175k 5 35 6 1.2 0.9
176k-200k 21 40 14 0.3 3.2
201k-225k 21 38 7 0.3 3.3
226k-250k 30 36 6 0.2 5
251k-275k 33 34 4 0.2 5.8
276k-300k 36 53 9 0.2 4.1
301k-325k 31 26 6 0.1 7.2
326k-350k 41 44 8 0.2 5.6
351k-375k 37 29 2 0.1 7.7
376k-400k 38 47 9 0.2 4.9
401k-425k 21 33 5 0.3 3.8
426k-450k 33 22 4 0.1 9
451k-475k 18 26 8 0.2 4.2
476k-500k 37 19 3 0.1 11.7
501k-550k 34 46 11 0.2 4.4
551k-600k 33 28 7 0.1 7.1
601k-650k 33 41 10 0.2 4.8
651k-700k 18 46 9 0.4 2.3
701k-750k 18 45 8 0.4 2.4
751k-800k 15 25 5 0.3 3.6
801k-850k 13 25 6 0.3 3.1
851k-900k 14 20 7 0.2 4.2
901k-950k 13 23 5 0.3 3.4
951k-1m 6 19 5 0.5 1.9
1m-1.1m 12 19 4 0.3 3.8
1.1m-1.2m 23 33 9 0.2 4.2
1.2m-1.3m 15 23 4 0.3 3.9
1.3m-1.4m 14 15 3 0.2 5.6
1.4m-1.5m 12 22 3 0.3 3.3
1.5m-1.6m 7 10 3 0.2 4.2
1.6m-1.7m 6 13 2 0.4 2.8
1.7m-1.8m 8 9 0.2 5.3
1.8m-1.9m 6 7 1 0.2 5.1
1.9m-2m 3 6 2 0.3 3
2m-2.25m 4 13 4 0.5 1.8
2.25m-2.5m 12 18 3 0.3 4
2.5m-2.75m 12 10 2 0.1 7.2
2.75m-3m 11 9 2 0.1 7.3
3m-3.5m 13 6 2 0.1 13
3.5m-4m 12 8 1 0.1 9
4m-4.5m 8 2 1 0 24
4.5m-5m 7 4 0.1 10.5
5.01m-6m 9 1 0 54
6.01m-7m 7 1 0 42
7.01m-8m 5 2 1 0.1 15
8.01m-9m 1 0
9.01m-10m 2 1 0.1 12
11.01m-12m 1 0
12.01m-13m 1 1 0.2 6
14.01m-15m 1 0
34.01m-35m 1 0