Absorption Report

Nicholson, Waterford Cove


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 35% 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
151k-175k 3 0.5 0
176k-200k 5 1 0.8 0
201k-225k 10 1.7 0
226k-250k 3 7 2 0.4 2.6
251k-275k 4 24 6 1 1
276k-300k 7 33 8 0.8 1.3
301k-325k 5 53 8 1.8 0.6
326k-350k 21 77 11 0.6 1.6
351k-375k 17 82 15 0.8 1.2
376k-400k 38 91 15 0.4 2.5
401k-425k 28 86 14 0.5 2
426k-450k 36 87 16 0.4 2.5
451k-475k 22 71 14 0.5 1.9
476k-500k 22 73 17 0.6 1.8
501k-550k 51 145 24 0.5 2.1
551k-600k 36 96 12 0.4 2.3
601k-650k 34 100 23 0.5 2
651k-700k 38 97 20 0.4 2.4
701k-750k 24 75 15 0.5 1.9
751k-800k 16 48 11 0.5 2
801k-850k 18 43 7 0.4 2.5
851k-900k 14 38 10 0.5 2.2
901k-950k 15 24 1 0.3 3.8
951k-1m 11 28 7 0.4 2.4
1m-1.1m 16 23 4 0.2 4.2
1.1m-1.2m 12 25 4 0.3 2.9
1.2m-1.3m 9 14 6 0.3 3.9
1.3m-1.4m 5 17 2 0.6 1.8
1.4m-1.5m 7 9 1 0.2 4.7
1.5m-1.6m 6 13 3 0.4 2.8
1.6m-1.7m 2 8 1 0.7 1.5
1.7m-1.8m 2 6 0.5 2
1.8m-1.9m 5 3 2 0.1 10
1.9m-2m 4 5 2 0.2 4.8
2m-2.25m 4 5 2 0.2 4.8
2.25m-2.5m 5 6 2 0.2 5
2.5m-2.75m 6 2 0.1 18
2.75m-3m 2 1 1 0.1 12
3m-3.5m 3 1 0.1 18
3.5m-4m 2 1 0.1 12
4.5m-5m 1 0
7.01m-8m 1 0

Townhouses 37% 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 0.2 0
151k-175k 1 0.2 0
176k-200k 1 5 1 0.8 1.2
201k-225k 2 10 3 0.8 1.2
226k-250k 3 16 4 0.9 1.1
251k-275k 5 18 3 0.6 1.7
276k-300k 5 16 3 0.5 1.9
301k-325k 3 11 2 0.6 1.6
326k-350k 2 20 4 1.7 0.6
351k-375k 7 7 1 0.2 6
376k-400k 5 14 6 0.5 2.1
401k-425k 11 21 4 0.3 3.1
426k-450k 16 30 4 0.3 3.2
451k-475k 7 15 3 0.4 2.8
476k-500k 2 10 2 0.8 1.2
501k-550k 3 7 0.4 2.6
551k-600k 5 7 0.2 4.3
601k-650k 4 0.7 0
651k-700k 1 0.2 0
751k-800k 1 2 0.3 3
801k-850k 1 1 0.2 0
851k-900k 1 0
901k-950k 1 1 0.2 6
951k-1m 2 0.3 0

Condos 32% 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
151k-175k 1 9 5 1.5 0.7
176k-200k 1 13 2 2.2 0.5
201k-225k 11 17 3 0.3 3.9
226k-250k 12 26 4 0.4 2.8
251k-275k 6 20 4 0.6 1.8
276k-300k 5 28 5 0.9 1.1
301k-325k 3 6 0.3 3
326k-350k 5 11 3 0.4 2.7
351k-375k 2 7 0.6 1.7
376k-400k 1 6 1 1
401k-425k 2 0.3 0
426k-450k 3 7 0.4 2.6
451k-475k 2 2 0.2 6
476k-500k 1 3 0.5 2
501k-550k 2 1 0.3 0
551k-600k 1 0
851k-900k 2 0.3 0

Land 10% 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 1 2 0.3 3
26k-50k 1 1 0.2 6
51k-75k 3 0
76k-100k 3 4 0.2 4.5
101k-125k 2 3 0.3 4
126k-150k 2 0.3 0
151k-175k 2 1 0.1 12
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 7 5 1 0.1 8.4
251k-275k 4 1 0 24
276k-300k 3 2 0.1 9
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 1 1 0.2 6
376k-400k 1 0
426k-450k 1 0
501k-550k 1 0
651k-700k 2 0
751k-800k 3 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 6
1.5m-1.6m 1 0
1.7m-1.8m 1 0.2 0
3.5m-4m 2 0
4m-4.5m 1 0