Absorption Report

McDonough, Lake Dow

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 39% 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
126k-150k 1 1 0.2 6
151k-175k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 2 2 1 0.2 6
226k-250k 3 1 0.5 0
251k-275k 2 5 1 0.4 2.4
276k-300k 2 12 1 1 1
301k-325k 1 13 3 2.2 0.5
326k-350k 4 28 6 1.2 0.9
351k-375k 10 30 4 0.5 2
376k-400k 11 37 9 0.6 1.8
401k-425k 8 45 5 0.9 1.1
426k-450k 16 54 6 0.6 1.8
451k-475k 15 47 6 0.5 1.9
476k-500k 17 46 8 0.5 2.2
501k-550k 21 83 16 0.7 1.5
551k-600k 24 73 14 0.5 2
601k-650k 22 68 16 0.5 1.9
651k-700k 31 59 10 0.3 3.2
701k-750k 26 56 9 0.4 2.8
751k-800k 25 37 10 0.2 4.1
801k-850k 6 21 2 0.6 1.7
851k-900k 10 18 2 0.3 3.3
901k-950k 3 8 0.4 2.3
951k-1m 11 9 1 0.1 7.3
1m-1.1m 4 10 2 0.4 2.4
1.1m-1.2m 4 6 1 0.3 4
1.2m-1.3m 4 10 3 0.4 2.4
1.3m-1.4m 4 8 3 0.3 3
1.4m-1.5m 8 1 0 48
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 5 2 1 0.1 15
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 5 1 0 30
1.9m-2m 1 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 5 2 1 0.1 15
2.5m-2.75m 1 0.2 0
2.75m-3m 1 1 0.2 0
3m-3.5m 1 0
3.5m-4m 2 0

Townhouses 33% 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
276k-300k 2 1 0.3 0
301k-325k 1 6 3 1 1
326k-350k 3 8 1 0.4 2.3
376k-400k 4 0.7 0
401k-425k 1 3 0.5 2
426k-450k 8 7 1 0.1 6.9
451k-475k 1 2 0.3 3
476k-500k 2 2 1 0.2 6
501k-550k 3 2 0.1 9
551k-600k 5 0
601k-650k 1 1 0.2 6
651k-700k 1 0.2 0
701k-750k 3 0
751k-800k 1 0
801k-850k 1 0

Condos NAN% 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
301k-325k 1 0.2 0
351k-375k 1 0.2 0

Land 18% 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 3 3 0.2 6
51k-75k 3 4 3 0.2 4.5
76k-100k 6 1 0 36
101k-125k 3 3 1 0.2 6
126k-150k 2 1 1 0.1 12
151k-175k 1 3 1 0.5 2
176k-200k 4 6 1 0.3 4
201k-225k 4 2 0.1 12
226k-250k 8 2 1 0 24
251k-275k 5 3 0.1 10
276k-300k 6 0
301k-325k 2 2 0.2 6
326k-350k 4 4 0.2 6
351k-375k 4 1 0 24
376k-400k 1 0
401k-425k 1 0.2 0
426k-450k 4 2 0.1 12
451k-475k 1 2 0.3 3
476k-500k 1 0
501k-550k 2 1 0.1 12
551k-600k 2 1 0.1 12
601k-650k 2 3 0.3 4
651k-700k 2 1 0.1 12
701k-750k 1 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 1 0.2 6
901k-950k 1 1 0.2 6
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 2 0
1.9m-2m 2 0
2m-2.25m 1 0.2 0
2.25m-2.5m 2 1 0.1 12
2.75m-3m 2 0
3m-3.5m 1 0.2 0
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0