Absorption Report

Cherokee County, House

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 24% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
51k-75k 1 0.2 0
76k-100k 1 0
101k-125k 1 1 0.2 6
126k-150k 3 0.5 0
151k-175k 2 1 0.1 12
176k-200k 2 0.3 0
201k-225k 6 3 1 0
226k-250k 10 2 1.7 0
251k-275k 4 16 0.7 1.5
276k-300k 10 26 1 0.4 2.3
301k-325k 12 50 7 0.7 1.4
326k-350k 21 72 5 0.6 1.8
351k-375k 26 88 12 0.6 1.8
376k-400k 40 105 11 0.4 2.3
401k-425k 38 121 11 0.5 1.9
426k-450k 35 129 13 0.6 1.6
451k-475k 36 86 9 0.4 2.5
476k-500k 53 79 8 0.2 4
501k-550k 84 160 22 0.3 3.2
551k-600k 58 117 12 0.3 3
601k-650k 52 112 17 0.4 2.8
651k-700k 55 96 11 0.3 3.4
701k-750k 34 65 6 0.3 3.1
751k-800k 34 46 2 0.2 4.4
801k-850k 23 37 5 0.3 3.7
851k-900k 22 29 5 0.2 4.6
901k-950k 13 19 4 0.2 4.1
951k-1m 19 19 1 0.2 6
1m-1.1m 8 21 4 0.4 2.3
1.1m-1.2m 16 16 2 0.2 6
1.2m-1.3m 7 6 0.1 7
1.3m-1.4m 10 13 1 0.2 4.6
1.4m-1.5m 5 9 1 0.3 3.3
1.5m-1.6m 9 5 1 0.1 10.8
1.6m-1.7m 3 8 1 0.4 2.3
1.7m-1.8m 2 2 1 0.2 6
1.8m-1.9m 2 0
1.9m-2m 8 2 0 24
2m-2.25m 4 5 1 0.2 4.8
2.25m-2.5m 8 2 0 24
2.5m-2.75m 7 1 0 42
2.75m-3m 4 0
3m-3.5m 5 0
3.5m-4m 2 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 1 1 0.2 6