Absorption Report

Hiram


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 27% 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
51k-75k 2 0
76k-100k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 8 1 1.3 0.8
201k-225k 2 4 1 0.3 3
226k-250k 10 9 1 0.2 6.7
251k-275k 9 17 6 0.3 3.2
276k-300k 12 27 7 0.4 2.7
301k-325k 28 34 4 0.2 4.9
326k-350k 45 33 7 0.1 8.2
351k-375k 29 38 11 0.2 4.6
376k-400k 15 36 9 0.4 2.5
401k-425k 12 17 4 0.2 4.2
426k-450k 21 25 2 0.2 5
451k-475k 12 11 3 0.2 6.5
476k-500k 22 14 6 0.1 9.4
501k-550k 22 26 7 0.2 5.1
551k-600k 16 23 8 0.2 4.2
601k-650k 9 8 2 0.1 6.8
651k-700k 7 1 0 42
701k-750k 1 4 0.7 1.5
751k-800k 1 4 1 0.7 1.5
801k-850k 1 1 0.2 6
851k-900k 1 0
951k-1m 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.5m-1.6m 1 1 1 0.2 6
2.25m-2.5m 1 1 0.2 0

Townhouses 45% 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 2 0.3 0
201k-225k 2 2 1 0.2 6
226k-250k 4 4 3 0.2 6
251k-275k 3 0
276k-300k 6 8 7 0.2 4.5
301k-325k 16 31 8 0.3 3.1
326k-350k 4 4 2 0.2 6
351k-375k 4 0

Condos 0% 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 1 0
301k-325k 2 0

Land 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
26k-50k 2 0.3 0
51k-75k 7 0
76k-100k 1 1 0.2 0
101k-125k 3 2 2 0.1 9
126k-150k 2 0
151k-175k 1 0
176k-200k 1 0
226k-250k 1 1 0.2 6
276k-300k 1 1 0.2 0
301k-325k 1 0
376k-400k 1 1 0.2 6
501k-550k 1 0
951k-1m 1 0
1.1m-1.2m 1 0.2 0
1.5m-1.6m 3 0