Absorption Report

Pendergrass


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 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
1k-25k 2 0
76k-100k 2 0.3 0
101k-125k 2 0.3 0
126k-150k 2 5 0.4 2.4
151k-175k 2 15 1.3 0.8
176k-200k 10 23 7 0.4 2.6
201k-225k 17 43 11 0.4 2.4
226k-250k 36 32 8 0.1 6.8
251k-275k 29 59 15 0.3 2.9
276k-300k 43 66 15 0.3 3.9
301k-325k 35 55 14 0.3 3.8
326k-350k 33 52 10 0.3 3.8
351k-375k 16 41 6 0.4 2.3
376k-400k 32 48 9 0.3 4
401k-425k 13 20 4 0.3 3.9
426k-450k 14 32 4 0.4 2.6
451k-475k 13 19 2 0.2 4.1
476k-500k 13 27 7 0.3 2.9
501k-550k 13 33 5 0.4 2.4
551k-600k 11 26 2 0.4 2.5
601k-650k 7 20 6 0.5 2.1
651k-700k 5 26 5 0.9 1.2
701k-750k 11 16 3 0.2 4.1
751k-800k 8 16 4 0.3 3
801k-850k 4 20 6 0.8 1.2
851k-900k 6 6 2 0.2 6
901k-950k 2 5 2 0.4 2.4
951k-1m 1 4 1 0.7 1.5
1m-1.1m 4 9 4 0.4 2.7
1.1m-1.2m 3 12 2 0.7 1.5
1.2m-1.3m 7 2 1.2 0
1.3m-1.4m 4 1 0.7 0
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 3 2 0.5 2
1.6m-1.7m 4 3 0.1 8
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.75m-3m 1 0

Townhouses 40% 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 0.3 0
151k-175k 1 4 0.7 1.5
176k-200k 11 2 1 0 33
201k-225k 8 18 0.4 2.7
226k-250k 5 8 0.3 3.8
251k-275k 3 14 3 0.8 1.3
276k-300k 18 20 5 0.2 5.4
301k-325k 1 3 0.5 2
326k-350k 2 7 2 0.6 1.7
351k-375k 1 1 0.2 6
376k-400k 2 2 2 0.2 6
401k-425k 2 5 1 0.4 2.4
426k-450k 3 4 3 0.2 4.5
451k-475k 2 5 0.4 2.4
476k-500k 1 12 1 2 0.5
501k-550k 6 16 4 0.4 2.3
551k-600k 3 7 0.4 2.6
601k-650k 2 7 2 0.6 1.7
651k-700k 2 14 4 1.2 0.9
701k-750k 1 4 0.7 1.5
751k-800k 3 1 0.1 18
801k-850k 4 0.7 0
851k-900k 3 0
901k-950k 1 2 0.3 3
951k-1m 2 0

Condos 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
26k-50k 3 1 0.5 0
51k-75k 1 2 0.3 3
76k-100k 2 0.3 0
101k-125k 6 5 0.1 7.2
126k-150k 5 5 1 0.2 6
151k-175k 4 8 2 0.3 3
176k-200k 8 7 1 0.1 6.9
201k-225k 4 9 1 0.4 2.7
226k-250k 7 18 3 0.4 2.3
251k-275k 2 16 2 1.3 0.8
276k-300k 8 15 1 0.3 3.2
301k-325k 8 3 1.3 0
326k-350k 4 0.7 0
351k-375k 3 6 1 0.3 3
376k-400k 3 1 0.1 18
401k-425k 2 1 0.3 0
426k-450k 3 5 1 0.3 3.6
451k-475k 3 4 1 0.2 4.5
476k-500k 2 2 0.2 6
501k-550k 5 6 0.2 5
551k-600k 1 0.2 0
651k-700k 2 0.3 0
701k-750k 1 0.2 0
751k-800k 2 1 0.3 0

Land 2% 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 3 0.2 6
26k-50k 4 1 1 0 24
51k-75k 4 4 0.2 6
76k-100k 4 0
101k-125k 2 0
126k-150k 4 0
176k-200k 1 1 0.2 6
226k-250k 4 0
251k-275k 3 0
276k-300k 1 0
301k-325k 2 0
326k-350k 1 0
376k-400k 1 1 0.2 6
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 1 1 0.2 6
501k-550k 2 0
551k-600k 1 0
601k-650k 3 0
751k-800k 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
2m-2.25m 1 0
4m-4.5m 1 0