Absorption Report

Cortez

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
101k-125k 1 0.2 0
151k-175k 1 1 0.2 0
176k-200k 2 4 2 0.3 3
201k-225k 7 2 1.2 0
226k-250k 3 17 2 0.9 1.1
251k-275k 7 23 7 0.5 1.8
276k-300k 23 36 5 0.3 3.8
301k-325k 16 38 10 0.4 2.5
326k-350k 40 60 12 0.3 4
351k-375k 34 75 11 0.4 2.7
376k-400k 53 80 14 0.3 4
401k-425k 47 60 14 0.2 4.7
426k-450k 73 58 13 0.1 7.6
451k-475k 53 50 10 0.2 6.4
476k-500k 69 57 9 0.1 7.3
501k-550k 86 85 15 0.2 6.1
551k-600k 79 86 16 0.2 5.5
601k-650k 41 76 13 0.3 3.2
651k-700k 44 49 15 0.2 5.4
701k-750k 32 36 6 0.2 5.3
751k-800k 25 38 5 0.3 3.9
801k-850k 17 31 6 0.3 3.3
851k-900k 18 23 1 0.2 4.7
901k-950k 14 13 2 0.2 6.5
951k-1m 10 12 2 0.2 5
1m-1.1m 8 16 3 0.3 3
1.1m-1.2m 9 14 2 0.3 3.9
1.2m-1.3m 4 4 0.2 6
1.3m-1.4m 2 6 1 0.5 2
1.4m-1.5m 4 3 0.1 8
1.5m-1.6m 2 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 2 3 0.3 4
1.9m-2m 2 0.3 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 3 2 0.1 9
2.75m-3m 2 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
176k-200k 1 0.2 0
201k-225k 2 1 0.3 0
226k-250k 1 0
251k-275k 2 0
301k-325k 1 1 1 0.2 6
326k-350k 7 2 1 0 21
351k-375k 2 2 0.2 6
376k-400k 4 2 1 0.1 12
401k-425k 1 0
426k-450k 1 0
551k-600k 1 0
651k-700k 1 0.2 0
751k-800k 1 0.2 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
101k-125k 1 1 0.2 0
126k-150k 2 1 0.1 12
151k-175k 4 6 1 0.3 4
176k-200k 18 13 1 0.1 8.3
201k-225k 8 13 1 0.3 3.7
226k-250k 28 21 2 0.1 8
251k-275k 42 27 2 0.1 9.3
276k-300k 46 36 4 0.1 7.7
301k-325k 38 28 3 0.1 8.1
326k-350k 34 22 5 0.1 9.3
351k-375k 12 13 2 0.2 5.5
376k-400k 7 14 1 0.3 3
401k-425k 16 7 3 0.1 13.7
426k-450k 12 11 3 0.2 6.5
451k-475k 5 7 0.2 4.3
476k-500k 6 10 1 0.3 3.6
501k-550k 8 5 1 0.1 9.6
551k-600k 7 11 1 0.3 3.8
601k-650k 5 4 1 0.1 7.5
651k-700k 5 7 2 0.2 4.3
701k-750k 3 6 0.3 3
751k-800k 2 5 0.4 2.4
801k-850k 4 2 0.1 12
851k-900k 3 2 0.1 9
901k-950k 4 1 0 24
1m-1.1m 1 0.2 0
1.1m-1.2m 2 0.3 0
1.2m-1.3m 3 1 0.1 18
1.7m-1.8m 2 1 0.1 12
2.25m-2.5m 1 0
3m-3.5m 1 0.2 0
3.5m-4m 1 0.2 0
4m-4.5m 1 0

Land 1% 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 5 9 1 0.3 3.3
76k-100k 23 9 0.1 15.3
101k-125k 8 5 1 0.1 9.6
126k-150k 6 4 1 0.1 9
151k-175k 3 0
176k-200k 2 0
201k-225k 1 0
226k-250k 1 0
251k-275k 2 0.3 0
276k-300k 2 0
301k-325k 1 0
326k-350k 1 0
351k-375k 2 0.3 0
376k-400k 1 0
401k-425k 1 0
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 2 0
651k-700k 2 0
701k-750k 1 0
751k-800k 1 0
901k-950k 3 0
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 1 0.2 6
1.5m-1.6m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0