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 25% 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 0.7 0
151k-175k 1 1 1 0.2 6
176k-200k 3 0.5 0
201k-225k 3 3 0.2 6
226k-250k 1 10 2 1.7 0.6
251k-275k 3 14 2 0.8 1.3
276k-300k 7 32 4 0.8 1.3
301k-325k 15 53 10 0.6 1.7
326k-350k 23 82 9 0.6 1.7
351k-375k 31 93 9 0.5 2
376k-400k 43 114 10 0.4 2.3
401k-425k 40 140 17 0.6 1.7
426k-450k 44 141 15 0.5 1.9
451k-475k 31 92 18 0.5 2
476k-500k 56 87 9 0.3 3.9
501k-550k 85 172 37 0.3 3
551k-600k 66 123 16 0.3 3.2
601k-650k 69 111 16 0.3 3.7
651k-700k 60 104 14 0.3 3.5
701k-750k 35 63 4 0.3 3.3
751k-800k 34 49 7 0.2 4.2
801k-850k 30 40 2 0.2 4.5
851k-900k 27 32 3 0.2 5.1
901k-950k 14 20 3 0.2 4.2
951k-1m 20 21 3 0.2 5.7
1m-1.1m 12 18 4 0.3 4
1.1m-1.2m 17 21 2 0.2 4.9
1.2m-1.3m 9 7 3 0.1 7.7
1.3m-1.4m 10 14 2 0.2 4.3
1.4m-1.5m 6 7 1 0.2 5.1
1.5m-1.6m 10 5 1 0.1 12
1.6m-1.7m 3 7 2 0.4 2.6
1.7m-1.8m 2 4 0.3 3
1.8m-1.9m 2 1 0.1 12
1.9m-2m 6 2 1 0.1 18
2m-2.25m 5 3 0.1 10
2.25m-2.5m 8 4 0.1 12
2.5m-2.75m 7 1 0 42
2.75m-3m 5 0
3m-3.5m 6 0
3.5m-4m 2 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0