Absorption Report

Perry, Condo, Perry High School

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 28% 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
51k-75k 1 1 1 0.2 6
76k-100k 2 1 0.1 12
101k-125k 1 4 2 0.7 1.5
126k-150k 1 3 1 0.5 2
151k-175k 5 0.8 0
176k-200k 3 13 4 0.7 1.4
201k-225k 2 28 6 2.3 0.4
226k-250k 17 60 12 0.6 1.7
251k-275k 33 77 11 0.4 2.6
276k-300k 45 89 13 0.3 3
301k-325k 35 66 17 0.3 3.2
326k-350k 39 55 11 0.2 4.3
351k-375k 34 50 10 0.2 4.1
376k-400k 36 45 4 0.2 4.8
401k-425k 26 33 1 0.2 4.7
426k-450k 37 36 9 0.2 6.2
451k-475k 16 23 2 0.2 4.2
476k-500k 12 22 7 0.3 3.3
501k-550k 22 29 7 0.2 4.6
551k-600k 21 13 2 0.1 9.7
601k-650k 13 16 4 0.2 4.9
651k-700k 7 11 2 0.3 3.8
701k-750k 13 2 0 39
751k-800k 4 2 0.1 12
801k-850k 1 2 0.3 3
851k-900k 4 2 0.1 12
901k-950k 1 0.2 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
3.5m-4m 1 0
6.01m-7m 1 0