Absorption Report

Davenport, Crows Nest

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 4% 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 1 0.2 0
76k-100k 1 1 0.2 6
101k-125k 1 2 0.3 3
126k-150k 3 6 2 0.3 3
151k-175k 9 6 1 0.1 9
176k-200k 6 7 1 0.2 5.1
201k-225k 7 11 1 0.3 3.8
226k-250k 18 16 2 0.1 6.8
251k-275k 15 27 4 0.3 3.3
276k-300k 64 60 11 0.2 6.4
301k-325k 58 58 11 0.2 6
326k-350k 89 75 15 0.1 7.1
351k-375k 72 73 12 0.2 5.9
376k-400k 95 67 16 0.1 8.5
401k-425k 57 45 7 0.1 7.6
426k-450k 55 42 2 0.1 7.9
451k-475k 38 37 6 0.2 6.2
476k-500k 41 35 6 0.1 7
501k-550k 58 49 2 0.1 7.1
551k-600k 57 42 7 0.1 8.1
601k-650k 41 39 3 0.2 6.3
651k-700k 33 30 4 0.2 6.6
701k-750k 30 26 2 0.1 6.9
751k-800k 25 22 0.1 6.8
801k-850k 20 14 4 0.1 8.6
851k-900k 15 10 1 0.1 9
901k-950k 23 11 1 0.1 12.5
951k-1m 17 8 1 0.1 12.8
1m-1.1m 13 9 3 0.1 8.7
1.1m-1.2m 18 10 2 0.1 10.8
1.2m-1.3m 6 6 1 0.2 6
1.3m-1.4m 4 8 1 0.3 3
1.4m-1.5m 4 4 2 0.2 6
1.5m-1.6m 5 3 0.1 10
1.6m-1.7m 7 2 0 21
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 4 0
1.9m-2m 5 3 0.1 10
2m-2.25m 3 0
2.25m-2.5m 6 0
2.5m-2.75m 2 0
4.5m-5m 1 0

Townhouses 12% 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 0.2 0
201k-225k 1 0.2 0
226k-250k 4 1 0 24
251k-275k 1 1 0.2 0
301k-325k 2 1 0.1 12
326k-350k 6 4 0.1 9
351k-375k 2 4 2 0.3 3
376k-400k 2 2 0.2 6
426k-450k 1 0
476k-500k 3 0
501k-550k 2 0
601k-650k 1 0

Condos 3% 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 0.3 0
101k-125k 5 2 0.1 15
126k-150k 12 5 1 0.1 14.4
151k-175k 32 16 0.1 12
176k-200k 32 19 3 0.1 10.1
201k-225k 20 11 1 0.1 10.9
226k-250k 21 20 0.2 6.3
251k-275k 29 23 4 0.1 7.6
276k-300k 39 21 3 0.1 11.1
301k-325k 26 11 3 0.1 14.2
326k-350k 27 5 1 0 32.4
351k-375k 25 10 3 0.1 15
376k-400k 28 7 1 0 24
401k-425k 19 10 1 0.1 11.4
426k-450k 15 1 0 90
451k-475k 11 5 0.1 13.2
476k-500k 16 5 0.1 19.2
501k-550k 22 7 1 0.1 18.9
551k-600k 13 2 0 39
601k-650k 7 2 0 21
651k-700k 4 0
701k-750k 8 1 0 48
751k-800k 8 1 1 0 48
801k-850k 2 0
851k-900k 3 0
1.1m-1.2m 3 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
1k-25k 396 181 21 0.1 13.1
26k-50k 343 103 8 0.1 20
51k-75k 133 46 2 0.1 17.3
76k-100k 81 21 1 0 23.1
101k-125k 46 12 3 0 23
126k-150k 33 8 1 0 24.8
151k-175k 19 11 0.1 10.4
176k-200k 22 3 0 44
201k-225k 18 5 0 21.6
226k-250k 14 2 0 42
251k-275k 14 5 1 0.1 16.8
276k-300k 25 4 2 0 37.5
301k-325k 11 1 0 66
326k-350k 17 2 0 51
351k-375k 6 3 0.1 12
376k-400k 13 1 0 78
401k-425k 4 2 0.1 12
426k-450k 9 1 0 54
451k-475k 5 0
476k-500k 7 0
501k-550k 5 0
551k-600k 5 1 0 30
601k-650k 6 0
651k-700k 1 0
701k-750k 3 0
751k-800k 12 0
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 6 0
1m-1.1m 4 1 0 24
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 3 1 0.1 18
2m-2.25m 3 0
2.5m-2.75m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
5.01m-6m 2 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0