Absorption Report

Oxford, Byrd Road


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 42% 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 0
151k-175k 2 1 0.3 0
176k-200k 1 0
201k-225k 1 0.2 0
226k-250k 2 2 0.2 6
251k-275k 1 2 0.3 3
276k-300k 11 4 1.8 0
301k-325k 2 18 2 1.5 0.7
326k-350k 3 40 9 2.2 0.5
351k-375k 11 37 10 0.6 1.8
376k-400k 11 54 10 0.8 1.2
401k-425k 15 46 9 0.5 2
426k-450k 17 55 17 0.5 1.9
451k-475k 11 33 5 0.5 2
476k-500k 17 41 12 0.4 2.5
501k-550k 13 58 9 0.7 1.3
551k-600k 19 57 9 0.5 2
601k-650k 11 32 3 0.5 2.1
651k-700k 12 36 6 0.5 2
701k-750k 11 16 3 0.2 4.1
751k-800k 11 16 2 0.2 4.1
801k-850k 7 17 4 0.4 2.5
851k-900k 9 13 5 0.2 4.2
901k-950k 3 6 1 0.3 3
951k-1m 4 7 2 0.3 3.4
1m-1.1m 5 8 2 0.3 3.8
1.1m-1.2m 3 7 4 0.4 2.6
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 3 0
1.4m-1.5m 3 1 1 0.1 18
1.5m-1.6m 1 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
2.25m-2.5m 2 0
2.75m-3m 1 0

Townhouses 57% 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
251k-275k 2 6 1 0.5 2
276k-300k 1 8 2 1.3 0.8
301k-325k 8 2 1.3 0
326k-350k 2 10 4 0.8 1.2
351k-375k 1 13 2 2.2 0.5
376k-400k 2 14 4 1.2 0.9
401k-425k 1 12 1 2 0.5
426k-450k 10 1 1.7 0
451k-475k 1 4 0.7 1.5
476k-500k 3 7 1 0.4 2.6
501k-550k 5 12 2 0.4 2.5
551k-600k 5 7 2 0.2 4.3
601k-650k 1 1 0.2 6
651k-700k 1 5 0.8 1.2
701k-750k 3 4 1 0.2 4.5
751k-800k 1 4 0.7 1.5
801k-850k 1 1 1 0.2 6
951k-1m 6 1 0

Condos 42% 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 1 0.2 0
301k-325k 1 2 0.3 3
401k-425k 1 1 0.2 6
426k-450k 1 4 0.7 1.5
451k-475k 2 1 0.3 0
476k-500k 4 1 0.7 0
501k-550k 1 0.2 0
551k-600k 1 1 0.2 6
751k-800k 1 0
851k-900k 2 0

Land 13% 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 0.2 0
26k-50k 1 0
51k-75k 1 0.2 0
76k-100k 1 2 0.3 3
176k-200k 2 0
226k-250k 1 1 1 0.2 6
251k-275k 3 2 0.1 9
326k-350k 1 0.2 0
376k-400k 3 1 0.1 18
401k-425k 1 0.2 0
426k-450k 1 1 0.2 0
476k-500k 2 1 0.1 12
501k-550k 1 0
601k-650k 1 1 0.2 6
651k-700k 3 0
751k-800k 2 0
901k-950k 1 0
951k-1m 2 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0