Absorption Report

Jasper, Bethany Moorings

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 26% 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 25 1 1 0 150
26k-50k 2 3 0.3 4
51k-75k 1 6 2 1 1
76k-100k 4 10 1 0.4 2.4
101k-125k 4 21 5 0.9 1.1
126k-150k 17 46 7 0.5 2.2
151k-175k 20 69 16 0.6 1.7
176k-200k 47 86 19 0.3 3.3
201k-225k 53 72 13 0.2 4.4
226k-250k 77 94 22 0.2 4.9
251k-275k 107 126 19 0.2 5.1
276k-300k 116 126 27 0.2 5.5
301k-325k 81 99 22 0.2 4.9
326k-350k 108 126 24 0.2 5.1
351k-375k 84 103 18 0.2 4.9
376k-400k 107 100 24 0.2 6.4
401k-425k 54 84 15 0.3 3.9
426k-450k 63 75 21 0.2 5
451k-475k 44 72 14 0.3 3.7
476k-500k 68 65 13 0.2 6.3
501k-550k 83 122 25 0.2 4.1
551k-600k 95 123 37 0.2 4.6
601k-650k 79 87 18 0.2 5.4
651k-700k 57 105 25 0.3 3.3
701k-750k 50 98 20 0.3 3.1
751k-800k 38 69 11 0.3 3.3
801k-850k 34 54 14 0.3 3.8
851k-900k 35 54 15 0.3 3.9
901k-950k 26 56 13 0.4 2.8
951k-1m 16 43 10 0.4 2.2
1m-1.1m 28 50 12 0.3 3.4
1.1m-1.2m 45 56 15 0.2 4.8
1.2m-1.3m 32 47 7 0.2 4.1
1.3m-1.4m 29 32 8 0.2 5.4
1.4m-1.5m 30 41 5 0.2 4.4
1.5m-1.6m 17 24 4 0.2 4.3
1.6m-1.7m 15 25 6 0.3 3.6
1.7m-1.8m 17 24 3 0.2 4.3
1.8m-1.9m 11 16 2 0.2 4.1
1.9m-2m 14 16 4 0.2 5.3
2m-2.25m 14 24 4 0.3 3.5
2.25m-2.5m 30 29 3 0.2 6.2
2.5m-2.75m 23 21 5 0.2 6.6
2.75m-3m 23 17 3 0.1 8.1
3m-3.5m 32 11 2 0.1 17.5
3.5m-4m 22 15 1 0.1 8.8
4m-4.5m 16 3 1 0 32
4.5m-5m 11 6 1 0.1 11
5.01m-6m 13 1 0 78
6.01m-7m 14 2 0 42
7.01m-8m 7 3 2 0.1 14
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 2 0
34.01m-35m 1 0
46.01m-47m 1 0

Townhouses 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 4 0
26k-50k 2 0.3 0
51k-75k 1 1 0.2 6
76k-100k 1 0.2 0
101k-125k 2 2 0.2 6
126k-150k 4 2 0.1 12
151k-175k 3 3 1 0.2 6
176k-200k 6 9 2 0.3 4
201k-225k 10 19 2 0.3 3.2
226k-250k 22 32 5 0.2 4.1
251k-275k 17 21 1 0.2 4.9
276k-300k 18 34 7 0.3 3.2
301k-325k 18 29 0.3 3.7
326k-350k 22 40 3 0.3 3.3
351k-375k 25 37 10 0.2 4.1
376k-400k 14 37 8 0.4 2.3
401k-425k 13 40 3 0.5 2
426k-450k 21 40 10 0.3 3.2
451k-475k 16 44 5 0.5 2.2
476k-500k 34 40 4 0.2 5.1
501k-550k 31 77 9 0.4 2.4
551k-600k 42 68 10 0.3 3.7
601k-650k 35 41 9 0.2 5.1
651k-700k 27 44 10 0.3 3.7
701k-750k 31 28 6 0.2 6.6
751k-800k 19 24 4 0.2 4.8
801k-850k 12 13 1 0.2 5.5
851k-900k 12 13 4 0.2 5.5
901k-950k 8 11 1 0.2 4.4
951k-1m 9 3 1 0.1 18
1m-1.1m 8 5 1 0.1 9.6
1.1m-1.2m 7 9 3 0.2 4.7
1.2m-1.3m 10 7 0.1 8.6
1.3m-1.4m 5 7 3 0.2 4.3
1.4m-1.5m 3 3 0.2 6
1.5m-1.6m 3 1 0.1 18
1.7m-1.8m 3 1 1 0.1 18
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 1 0.2 6
2m-2.25m 2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 0
3.5m-4m 1 0.2 0

Condos 20% 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 1 1
126k-150k 16 19 3 0.2 5.1
151k-175k 18 31 8 0.3 3.5
176k-200k 41 56 19 0.2 4.4
201k-225k 59 98 12 0.3 3.6
226k-250k 86 105 20 0.2 4.9
251k-275k 86 86 19 0.2 6
276k-300k 97 122 24 0.2 4.8
301k-325k 80 98 17 0.2 4.9
326k-350k 75 103 19 0.2 4.4
351k-375k 47 70 11 0.2 4
376k-400k 60 59 10 0.2 6.1
401k-425k 37 51 9 0.2 4.4
426k-450k 33 44 8 0.2 4.5
451k-475k 18 30 3 0.3 3.6
476k-500k 36 39 11 0.2 5.5
501k-550k 57 45 5 0.1 7.6
551k-600k 35 34 5 0.2 6.2
601k-650k 15 19 1 0.2 4.7
651k-700k 21 16 0.1 7.9
701k-750k 17 18 2 0.2 5.7
751k-800k 11 11 1 0.2 6
801k-850k 10 10 1 0.2 6
851k-900k 10 7 1 0.1 8.6
901k-950k 6 6 0.2 6
951k-1m 9 3 1 0.1 18
1m-1.1m 2 9 0.8 1.3
1.1m-1.2m 14 6 1 0.1 14
1.2m-1.3m 9 7 1 0.1 7.7
1.3m-1.4m 3 2 0.1 9
1.4m-1.5m 11 4 1 0.1 16.5
1.5m-1.6m 2 4 0.3 3
1.6m-1.7m 4 4 1 0.2 6
1.7m-1.8m 4 1 0 24
1.8m-1.9m 3 0
1.9m-2m 4 1 0 24
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

Land 16% 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 3 2 0.1 9
26k-50k 32 16 3 0.1 12
51k-75k 58 45 20 0.1 7.7
76k-100k 43 25 2 0.1 10.3
101k-125k 36 16 3 0.1 13.5
126k-150k 30 3 1 0 60
151k-175k 14 5 1 0.1 16.8
176k-200k 12 3 0 24
201k-225k 5 4 0.1 7.5
226k-250k 7 1 0 42
251k-275k 3 3 1 0.2 6
276k-300k 8 3 0.1 16
301k-325k 4 0
326k-350k 4 3 0.1 8
351k-375k 4 2 0.1 12
376k-400k 4 0
401k-425k 1 0
451k-475k 1 0
476k-500k 5 2 1 0.1 15
501k-550k 2 2 1 0.2 6
551k-600k 3 0
601k-650k 3 1 0.1 18
651k-700k 2 2 0.2 6
701k-750k 8 2 2 0 24
751k-800k 2 0
801k-850k 6 1 0 36
851k-900k 6 0
951k-1m 3 1 1 0.1 18
1m-1.1m 2 2 0.2 6
1.1m-1.2m 5 1 0 30
1.2m-1.3m 1 0
1.3m-1.4m 2 0
1.4m-1.5m 2 2 1 0.2 6
1.5m-1.6m 3 1 1 0.1 18
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 0
1.8m-1.9m 1 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 1 0.1 12
3.5m-4m 1 0
5.01m-6m 3 0
6.01m-7m 1 0
14.01m-15m 1 0