Absorption Report

Pine Lake, Dogwood


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 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
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 2 0
201k-225k 2 2 0.2 6
226k-250k 4 0.7 0
251k-275k 2 6 0.5 2
276k-300k 2 11 3 0.9 1.1
301k-325k 2 13 2 1.1 0.9
326k-350k 8 10 4 0.2 4.8
351k-375k 2 24 4 2 0.5
376k-400k 4 27 6 1.1 0.9
401k-425k 7 33 5 0.8 1.3
426k-450k 11 38 9 0.6 1.7
451k-475k 13 40 3 0.5 2
476k-500k 7 49 10 1.2 0.9
501k-550k 28 101 25 0.6 1.7
551k-600k 30 102 23 0.6 1.8
601k-650k 32 79 14 0.4 2.4
651k-700k 37 92 17 0.4 2.4
701k-750k 35 74 12 0.4 2.8
751k-800k 39 67 14 0.3 3.5
801k-850k 24 44 13 0.3 3.3
851k-900k 21 49 15 0.4 2.6
901k-950k 17 25 3 0.2 4.1
951k-1m 14 24 6 0.3 3.5
1m-1.1m 8 13 4 0.3 3.7
1.1m-1.2m 11 10 1 0.2 6.6
1.2m-1.3m 6 20 6 0.6 1.8
1.3m-1.4m 7 10 2 0.2 4.2
1.4m-1.5m 6 7 1 0.2 5.1
1.5m-1.6m 3 5 0.3 3.6
1.6m-1.7m 8 5 2 0.1 9.6
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 4 1 0 24
1.9m-2m 4 1 0 24
2m-2.25m 5 3 0.1 10
2.25m-2.5m 2 3 0.3 4
2.5m-2.75m 1 1 1 0.2 6
2.75m-3m 2 0
3m-3.5m 1 1 0.2 6
3.5m-4m 4 1 0 24
5.01m-6m 1 0
7.01m-8m 1 0

Townhouses 39% 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 5 1 0.8 1.2
301k-325k 3 0.5 0
326k-350k 3 4 0.2 4.5
351k-375k 1 4 1 0.7 1.5
376k-400k 1 8 1 1.3 0.8
401k-425k 3 9 2 0.5 2
426k-450k 4 1 0.7 0
451k-475k 9 2 1.5 0
476k-500k 5 15 2 0.5 2
501k-550k 11 16 1 0.2 4.1
551k-600k 6 1 1 0
601k-650k 3 5 0.3 3.6
651k-700k 1 1 0.2 6
701k-750k 2 0.3 0
751k-800k 1 0

Condos 39% 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
226k-250k 1 0.2 0
301k-325k 1 2 0.3 3
326k-350k 3 1 0.5 0
351k-375k 1 0.2 0
376k-400k 2 2 1 0.2 6
401k-425k 5 0.8 0
426k-450k 1 3 0.5 2
451k-475k 3 4 0.2 4.5
476k-500k 3 4 0.2 4.5
501k-550k 2 11 3 0.9 1.1
551k-600k 4 6 1 0.3 4
601k-650k 1 0

Land 16% 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 1 0.2 6
51k-75k 5 3 0.1 10
76k-100k 1 0
101k-125k 1 2 0.3 3
126k-150k 4 1 0 24
151k-175k 3 1 0.5 0
176k-200k 5 2 0.1 15
201k-225k 2 0
226k-250k 3 1 0.1 18
251k-275k 2 2 0.2 6
276k-300k 4 1 0 24
301k-325k 1 1 0.2 6
326k-350k 1 3 1 0.5 2
351k-375k 2 0
376k-400k 2 1 0.1 12
426k-450k 2 1 0.3 0
451k-475k 1 0.2 0
476k-500k 2 1 0.1 12
501k-550k 1 2 2 0.3 3
551k-600k 1 0.2 0
601k-650k 2 1 0.1 12
651k-700k 4 1 0 24
701k-750k 2 0
751k-800k 2 1 0.1 12
851k-900k 2 1 0.1 12
951k-1m 1 1 0.2 6
1m-1.1m 2 2 1 0.2 6
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 1 0.2 0
1.9m-2m 2 0
2m-2.25m 3 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
3.5m-4m 1 1 0.2 6
4.5m-5m 1 0
5.01m-6m 1 1 0.2 6