Absorption Report

Macon, Austin


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 2 0
76k-100k 1 0.2 0
101k-125k 1 2 0.3 3
126k-150k 4 0.7 0
151k-175k 2 20 5 1.7 0.6
176k-200k 10 25 6 0.4 2.4
201k-225k 20 42 3 0.4 2.9
226k-250k 47 47 10 0.2 6
251k-275k 30 48 4 0.3 3.8
276k-300k 39 76 17 0.3 3.1
301k-325k 37 62 10 0.3 3.6
326k-350k 41 56 6 0.2 4.4
351k-375k 34 39 4 0.2 5.2
376k-400k 28 47 8 0.3 3.6
401k-425k 17 19 1 0.2 5.4
426k-450k 20 32 5 0.3 3.8
451k-475k 13 22 5 0.3 3.5
476k-500k 17 29 4 0.3 3.5
501k-550k 19 32 3 0.3 3.6
551k-600k 11 30 3 0.5 2.2
601k-650k 11 18 2 0.3 3.7
651k-700k 12 27 3 0.4 2.7
701k-750k 9 23 8 0.4 2.3
751k-800k 9 22 6 0.4 2.5
801k-850k 5 24 2 0.8 1.3
851k-900k 7 7 2 0.2 6
901k-950k 1 7 1 1.2 0.9
951k-1m 2 6 1 0.5 2
1m-1.1m 3 12 2 0.7 1.5
1.1m-1.2m 1 12 1 2 0.5
1.2m-1.3m 1 10 1.7 0.6
1.3m-1.4m 1 4 0.7 1.5
1.4m-1.5m 4 2 1 0.1 12
1.5m-1.6m 4 0.7 0
1.6m-1.7m 3 4 1 0.2 4.5
1.7m-1.8m 2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.75m-3m 1 0

Townhouses 31% 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
101k-125k 1 0
126k-150k 2 1 0.1 12
151k-175k 4 4 0.2 6
176k-200k 13 5 2 0.1 15.6
201k-225k 10 18 1 0.3 3.3
226k-250k 5 8 2 0.3 3.8
251k-275k 7 14 3 0.3 3
276k-300k 28 25 4 0.1 6.7
301k-325k 1 4 1 0.7 1.5
326k-350k 3 8 1 0.4 2.3
351k-375k 1 1 0.2 6
376k-400k 4 5 1 0.2 4.8
401k-425k 1 5 2 0.8 1.2
426k-450k 1 7 3 1.2 0.9
451k-475k 1 4 0.7 1.5
476k-500k 1 12 4 2 0.5
501k-550k 10 16 1 0.3 3.8
551k-600k 1 6 1 1 1
601k-650k 2 13 5 1.1 0.9
651k-700k 4 16 3 0.7 1.5
701k-750k 2 3 0.3 4
751k-800k 4 1 0 24
801k-850k 4 1 0.7 0
851k-900k 3 0
901k-950k 1 2 0.3 3
951k-1m 2 0
1.1m-1.2m 1 1 0.2 0

Condos 28% 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 2 0.3 3
51k-75k 1 1 0.2 6
76k-100k 2 0.3 0
101k-125k 6 5 2 0.1 7.2
126k-150k 2 6 1 0.5 2
151k-175k 3 9 1 0.5 2
176k-200k 9 5 1 0.1 10.8
201k-225k 7 9 1 0.2 4.7
226k-250k 5 17 1 0.6 1.8
251k-275k 4 14 2 0.6 1.7
276k-300k 8 21 4 0.4 2.3
301k-325k 6 1 1 0
326k-350k 5 0.8 0
351k-375k 2 7 1 0.6 1.7
376k-400k 4 1 0 24
401k-425k 2 0.3 0
426k-450k 2 5 0.4 2.4
451k-475k 2 5 1 0.4 2.4
476k-500k 1 5 1 0.8 1.2
501k-550k 3 6 1 0.3 3
551k-600k 1 0.2 0
601k-650k 2 0
651k-700k 3 0.5 0
751k-800k 2 0.3 0
951k-1m 1 1 0.2 0

Land 8% 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 4 0.2 4.5
26k-50k 5 1 0 30
51k-75k 5 3 0.1 10
76k-100k 4 0
101k-125k 1 0
126k-150k 2 0
151k-175k 2 0
176k-200k 1 0
226k-250k 3 2 2 0.1 9
251k-275k 3 0
276k-300k 3 0
301k-325k 2 0
326k-350k 1 0
376k-400k 1 0.2 0
401k-425k 1 0.2 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 1 0.2 0
501k-550k 2 1 1 0.1 12
551k-600k 1 0
601k-650k 3 0
1m-1.1m 1 1 0.2 0
1.1m-1.2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
4m-4.5m 1 0