Absorption Report

Pendergrass, Railroad


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 30% 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 0.2 0
76k-100k 2 0.3 0
101k-125k 3 0.5 0
126k-150k 4 0.7 0
151k-175k 1 5 0.8 1.2
176k-200k 5 12 3 0.4 2.5
201k-225k 9 18 3 0.3 3
226k-250k 9 28 7 0.5 1.9
251k-275k 26 55 8 0.4 2.8
276k-300k 26 52 12 0.3 3
301k-325k 27 61 7 0.4 2.7
326k-350k 23 52 5 0.4 2.7
351k-375k 31 33 4 0.2 5.6
376k-400k 40 43 6 0.2 5.6
401k-425k 24 25 3 0.2 5.8
426k-450k 19 11 2 0.1 10.4
451k-475k 2 9 3 0.8 1.3
476k-500k 4 11 0.5 2.2
501k-550k 16 6 0.1 16
551k-600k 6 5 2 0.1 7.2
601k-650k 5 7 3 0.2 4.3
651k-700k 3 4 1 0.2 4.5
701k-750k 4 3 1 0.1 8
751k-800k 2 3 1 0.3 4
851k-900k 2 1 0.1 12
901k-950k 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.9m-2m 1 0

Townhouses 0% 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
201k-225k 1 0.2 0
251k-275k 1 0
276k-300k 3 1 0.1 18

Condos 50% 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 1 0.2 0
351k-375k 1 0

Land 6% 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 4 1 0.7 1.5
26k-50k 12 3 1 0 24
51k-75k 7 3 1 0.1 14
76k-100k 3 2 1 0.1 9
101k-125k 4 2 0.1 12
126k-150k 7 0
151k-175k 1 1 0.2 6
176k-200k 4 1 0 24
201k-225k 2 0
226k-250k 3 0
276k-300k 3 0
301k-325k 1 0
326k-350k 1 0.2 0
376k-400k 1 1 0.2 6
451k-475k 1 0
501k-550k 1 0
551k-600k 1 0
651k-700k 2 0
751k-800k 1 0
851k-900k 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 4 0
1.7m-1.8m 2 0