Absorption Report

Alva, Oak Creek

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 0% 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 3 6 1 0.3 3
76k-100k 3 8 1 0.4 2.3
101k-125k 1 19 5 3.2 0.3
126k-150k 23 48 11 0.3 2.9
151k-175k 37 83 22 0.4 2.7
176k-200k 72 176 34 0.4 2.5
201k-225k 103 205 47 0.3 3
226k-250k 199 400 79 0.3 3
251k-275k 183 414 86 0.4 2.7
276k-300k 315 507 95 0.3 3.7
301k-325k 228 349 77 0.3 3.9
326k-350k 219 250 47 0.2 5.3
351k-375k 131 148 31 0.2 5.3
376k-400k 116 114 22 0.2 6.1
401k-425k 52 66 22 0.2 4.7
426k-450k 58 67 9 0.2 5.2
451k-475k 35 42 7 0.2 5
476k-500k 29 39 9 0.2 4.5
501k-550k 46 51 8 0.2 5.4
551k-600k 34 27 5 0.1 7.6
601k-650k 20 23 7 0.2 5.2
651k-700k 15 14 4 0.2 6.4
701k-750k 6 10 2 0.3 3.6
751k-800k 9 4 0.1 13.5
801k-850k 7 3 0.1 14
851k-900k 9 6 1 0.1 9
901k-950k 5 5 2 0.2 6
951k-1m 6 2 1 0.1 18
1m-1.1m 7 3 0.1 14
1.1m-1.2m 13 4 1 0.1 19.5
1.2m-1.3m 5 2 1 0.1 15
1.3m-1.4m 1 3 0.5 2
1.4m-1.5m 3 3 0.2 6
1.5m-1.6m 4 0
1.7m-1.8m 1 1 1 0.2 6
1.9m-2m 3 1 1 0.1 18
2m-2.25m 1 1 0.2 0
2.25m-2.5m 4 0
2.5m-2.75m 2 3 0.3 4
2.75m-3m 2 0
3m-3.5m 2 0
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0.2 0
4.5m-5m 1 1 0.2 6
5.01m-6m 1 0
6.01m-7m 1 0.2 0
8.01m-9m 1 0
9.01m-10m 1 0

Townhouses 0% 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 1 1 0.2 6
151k-175k 1 2 1 0.3 3
176k-200k 1 7 3 1.2 0.9
201k-225k 5 10 1 0.3 3
226k-250k 17 16 6 0.2 6.4
251k-275k 20 11 0.1 10.9
276k-300k 3 0
326k-350k 2 0
476k-500k 1 0

Condos 0% 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
76k-100k 2 7 1 0.6 1.7
101k-125k 7 18 4 0.4 2.3
126k-150k 20 22 7 0.2 5.5
151k-175k 17 9 2 0.1 11.3
176k-200k 5 2 0.1 15
201k-225k 1 2 1 0.3 3
226k-250k 3 2 0.1 9
251k-275k 1 0
276k-300k 1 0.2 0
351k-375k 2 0.3 0
451k-475k 1 0
476k-500k 2 0
501k-550k 1 1 0.2 0

Land 0% 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 95 292 55 0.5 2
26k-50k 264 436 82 0.3 3.6
51k-75k 91 66 15 0.1 8.3
76k-100k 116 25 0 27.8
101k-125k 36 11 2 0.1 19.6
126k-150k 10 2 1 0 30
151k-175k 13 6 0.1 13
176k-200k 5 7 1 0.2 4.3
201k-225k 5 4 2 0.1 7.5
226k-250k 10 2 1 0 30
251k-275k 3 2 0.1 9
276k-300k 12 1 0 72
301k-325k 2 1 0.1 12
326k-350k 4 1 0 24
351k-375k 1 0
376k-400k 4 1 1 0 24
401k-425k 1 1 0.2 6
426k-450k 8 2 0 24
451k-475k 1 0
476k-500k 8 0
501k-550k 8 2 1 0 24
551k-600k 8 0
601k-650k 1 1 0.2 6
651k-700k 4 1 0 24
701k-750k 3 2 0.1 9
751k-800k 1 0
801k-850k 1 2 1 0.3 3
851k-900k 1 0.2 0
901k-950k 2 0
951k-1m 7 0
1m-1.1m 3 0
1.1m-1.2m 6 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 5 2 0.1 15
1.4m-1.5m 3 0
1.6m-1.7m 1 0
1.7m-1.8m 5 0
1.9m-2m 2 1 0.3 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 3 0
2.75m-3m 3 0
3m-3.5m 2 0
3.5m-4m 1 0
4m-4.5m 1 0
5.01m-6m 4 0
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 2 0
9.01m-10m 1 0