Absorption Report

Woodstock, Mill Park Chase

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 21% 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 1 0.2 0
51k-75k 2 7 1 0.6 1.7
76k-100k 3 7 3 0.4 2.6
101k-125k 8 30 2 0.6 1.6
126k-150k 31 61 12 0.3 3
151k-175k 43 71 14 0.3 3.6
176k-200k 64 96 23 0.3 4
201k-225k 81 110 11 0.2 4.4
226k-250k 112 112 21 0.2 6
251k-275k 123 120 11 0.2 6.2
276k-300k 152 123 15 0.1 7.4
301k-325k 98 98 18 0.2 6
326k-350k 132 108 20 0.1 7.3
351k-375k 97 95 21 0.2 6.1
376k-400k 115 102 12 0.1 6.8
401k-425k 68 74 9 0.2 5.5
426k-450k 85 80 15 0.2 6.4
451k-475k 52 62 9 0.2 5
476k-500k 82 81 10 0.2 6.1
501k-550k 102 139 22 0.2 4.4
551k-600k 99 132 17 0.2 4.5
601k-650k 67 119 17 0.3 3.4
651k-700k 66 127 24 0.3 3.1
701k-750k 39 88 12 0.4 2.7
751k-800k 45 81 17 0.3 3.3
801k-850k 28 79 14 0.5 2.1
851k-900k 39 81 5 0.3 2.9
901k-950k 27 52 5 0.3 3.1
951k-1m 26 45 4 0.3 3.5
1m-1.1m 38 70 8 0.3 3.3
1.1m-1.2m 47 59 4 0.2 4.8
1.2m-1.3m 27 58 5 0.4 2.8
1.3m-1.4m 18 40 8 0.4 2.7
1.4m-1.5m 22 35 5 0.3 3.8
1.5m-1.6m 16 35 5 0.4 2.7
1.6m-1.7m 15 24 5 0.3 3.8
1.7m-1.8m 15 17 5 0.2 5.3
1.8m-1.9m 8 16 1 0.3 3
1.9m-2m 18 14 5 0.1 7.7
2m-2.25m 20 27 3 0.2 4.4
2.25m-2.5m 23 30 4 0.2 4.6
2.5m-2.75m 22 12 3 0.1 11
2.75m-3m 20 16 2 0.1 7.5
3m-3.5m 25 19 2 0.1 7.9
3.5m-4m 19 11 1 0.1 10.4
4m-4.5m 13 6 1 0.1 13
4.5m-5m 11 3 1 0 22
5.01m-6m 15 7 2 0.1 12.9
6.01m-7m 4 3 0.1 8
8.01m-9m 1 4 1 0.7 1.5
9.01m-10m 1 0
16.01m-17m 1 0.2 0
37.01m-38m 1 0

Townhouses 18% 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
101k-125k 2 3 1 0.3 4
126k-150k 5 5 0.2 6
151k-175k 5 4 0.1 7.5
176k-200k 17 7 3 0.1 14.6
201k-225k 15 19 3 0.2 4.7
226k-250k 34 31 4 0.2 6.6
251k-275k 24 22 5 0.2 6.5
276k-300k 30 41 3 0.2 4.4
301k-325k 13 19 2 0.2 4.1
326k-350k 22 37 4 0.3 3.6
351k-375k 17 24 3 0.2 4.3
376k-400k 45 45 9 0.2 6
401k-425k 24 32 2 0.2 4.5
426k-450k 30 42 2 0.2 4.3
451k-475k 25 52 4 0.3 2.9
476k-500k 28 38 4 0.2 4.4
501k-550k 41 71 11 0.3 3.5
551k-600k 61 49 2 0.1 7.5
601k-650k 42 54 7 0.2 4.7
651k-700k 28 39 8 0.2 4.3
701k-750k 29 29 4 0.2 6
751k-800k 27 25 2 0.2 6.5
801k-850k 16 13 2 0.1 7.4
851k-900k 26 12 3 0.1 13
901k-950k 11 2 0 33
951k-1m 7 7 0.2 6
1m-1.1m 13 8 2 0.1 9.8
1.1m-1.2m 9 10 1 0.2 5.4
1.2m-1.3m 8 7 2 0.1 6.9
1.3m-1.4m 3 5 0.3 3.6
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 1 1 0.2 6
1.9m-2m 1 0.2 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 2 0.3 0
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0
3.5m-4m 1 0
6.01m-7m 1 0

Condos 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 4 1 0 24
51k-75k 3 2 0.1 9
76k-100k 1 1 0.2 6
101k-125k 8 4 0.1 12
126k-150k 18 21 2 0.2 5.1
151k-175k 31 37 6 0.2 5
176k-200k 87 64 11 0.1 8.2
201k-225k 117 87 10 0.1 8.1
226k-250k 117 123 19 0.2 5.7
251k-275k 122 106 17 0.1 6.9
276k-300k 138 119 18 0.1 7
301k-325k 86 110 7 0.2 4.7
326k-350k 83 107 13 0.2 4.7
351k-375k 62 53 5 0.1 7
376k-400k 68 73 7 0.2 5.6
401k-425k 36 61 11 0.3 3.5
426k-450k 32 35 3 0.2 5.5
451k-475k 25 36 4 0.2 4.2
476k-500k 49 38 4 0.1 7.7
501k-550k 57 33 10 0.1 10.4
551k-600k 30 31 2 0.2 5.8
601k-650k 20 31 7 0.3 3.9
651k-700k 27 18 2 0.1 9
701k-750k 14 11 1 0.1 7.6
751k-800k 13 8 2 0.1 9.8
801k-850k 12 10 0.1 7.2
851k-900k 10 9 1 0.2 6.7
901k-950k 3 4 2 0.2 4.5
951k-1m 5 6 0.2 5
1m-1.1m 9 4 0.1 13.5
1.1m-1.2m 11 0
1.2m-1.3m 8 7 1 0.1 6.9
1.3m-1.4m 7 1 1 0 42
1.4m-1.5m 9 6 0.1 9
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 3 0
1.7m-1.8m 5 2 0.1 15
1.8m-1.9m 2 0
1.9m-2m 4 1 0 24
2m-2.25m 5 2 0.1 15
2.25m-2.5m 6 2 0.1 18
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 5 2 0.4 2.4
3m-3.5m 2 3 0.3 4
3.5m-4m 1 0
4m-4.5m 3 0
4.5m-5m 5 1 0 30
5.01m-6m 2 0
11.01m-12m 1 0

Land 12% 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 5 5 0.2 6
26k-50k 45 23 4 0.1 11.7
51k-75k 65 30 6 0.1 13
76k-100k 64 25 6 0.1 15.4
101k-125k 38 11 2 0 20.7
126k-150k 35 4 1 0 52.5
151k-175k 22 0
176k-200k 7 2 0 21
201k-225k 5 2 1 0.1 15
226k-250k 10 3 0.1 20
251k-275k 1 1 0.2 6
276k-300k 6 0
301k-325k 4 6 1 0.3 4
326k-350k 6 3 1 0.1 12
351k-375k 1 2 0.3 3
376k-400k 5 1 0 30
426k-450k 1 1 0.2 6
451k-475k 1 0
476k-500k 2 3 0.3 4
501k-550k 2 1 0.1 12
551k-600k 3 4 1 0.2 4.5
651k-700k 8 3 1 0.1 16
701k-750k 10 3 0.1 20
751k-800k 6 1 0 36
801k-850k 4 3 1 0.1 8
851k-900k 8 1 0 48
901k-950k 4 0
951k-1m 6 2 0.1 18
1m-1.1m 3 0
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 5 1 0 30
1.3m-1.4m 3 1 1 0.1 18
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 4 0
1.6m-1.7m 2 1 1 0.1 12
1.7m-1.8m 5 1 0 30
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0.2 0
3m-3.5m 1 0
3.5m-4m 1 1 0.2 6
5.01m-6m 2 0
6.01m-7m 1 0
13.01m-14m 1 0.2 0