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 26% 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 1 0.2 6
51k-75k 2 0.3 0
101k-125k 1 0.2 0
126k-150k 4 1 0.7 0
151k-175k 1 1 0.2 0
176k-200k 3 0.5 0
201k-225k 2 3 0.3 4
226k-250k 1 11 2 1.8 0.5
251k-275k 3 13 1 0.7 1.4
276k-300k 10 33 4 0.6 1.8
301k-325k 16 54 10 0.6 1.8
326k-350k 24 85 11 0.6 1.7
351k-375k 28 94 5 0.6 1.8
376k-400k 41 125 20 0.5 2
401k-425k 45 140 18 0.5 1.9
426k-450k 45 139 15 0.5 1.9
451k-475k 38 93 13 0.4 2.5
476k-500k 49 90 9 0.3 3.3
501k-550k 96 168 28 0.3 3.4
551k-600k 59 131 21 0.4 2.7
601k-650k 69 114 18 0.3 3.6
651k-700k 61 111 15 0.3 3.3
701k-750k 34 66 5 0.3 3.1
751k-800k 37 47 2 0.2 4.7
801k-850k 30 43 3 0.2 4.2
851k-900k 28 36 3 0.2 4.7
901k-950k 16 22 3 0.2 4.4
951k-1m 18 19 2 0.2 5.7
1m-1.1m 12 20 3 0.3 3.6
1.1m-1.2m 15 21 3 0.2 4.3
1.2m-1.3m 12 6 2 0.1 12
1.3m-1.4m 8 14 3 0.3 3.4
1.4m-1.5m 6 9 3 0.3 4
1.5m-1.6m 11 4 0.1 16.5
1.6m-1.7m 2 6 2 0.5 2
1.7m-1.8m 2 4 0.3 3
1.8m-1.9m 2 1 0.1 12
1.9m-2m 5 2 1 0.1 15
2m-2.25m 5 4 0.1 7.5
2.25m-2.5m 9 5 1 0.1 10.8
2.5m-2.75m 7 1 0 42
2.75m-3m 5 0
3m-3.5m 4 0
3.5m-4m 3 0
4m-4.5m 1 0.2 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0