Absorption Report

Lake Placid

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
26k-50k 2 1 0.3 0
51k-75k 2 3 1 0.3 4
76k-100k 5 0.8 0
101k-125k 1 11 3 1.8 0.5
126k-150k 6 10 0.3 3.6
151k-175k 10 16 4 0.3 3.8
176k-200k 15 34 6 0.4 2.6
201k-225k 23 49 12 0.4 2.8
226k-250k 28 83 10 0.5 2
251k-275k 49 97 17 0.3 3
276k-300k 58 178 41 0.5 2
301k-325k 61 157 28 0.4 2.3
326k-350k 79 151 32 0.3 3.1
351k-375k 71 117 22 0.3 3.6
376k-400k 74 126 29 0.3 3.5
401k-425k 33 54 15 0.3 3.7
426k-450k 45 55 13 0.2 4.9
451k-475k 22 46 15 0.3 2.9
476k-500k 27 27 7 0.2 6
501k-550k 40 38 11 0.2 6.3
551k-600k 28 30 6 0.2 5.6
601k-650k 21 25 8 0.2 5
651k-700k 22 21 5 0.2 6.3
701k-750k 16 17 5 0.2 5.6
751k-800k 10 15 2 0.3 4
801k-850k 5 8 0.3 3.8
851k-900k 8 2 1 0 24
901k-950k 8 4 0.1 12
951k-1m 2 0.3 0
1m-1.1m 3 5 1 0.3 3.6
1.1m-1.2m 5 4 1 0.1 7.5
1.2m-1.3m 3 4 0.2 4.5
1.3m-1.4m 2 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0
1.7m-1.8m 1 2 1 0.3 3
2m-2.25m 1 0.2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 1 0
4m-4.5m 1 0
4.5m-5m 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
101k-125k 1 1 0.2 0
151k-175k 1 7 1 1.2 0.9
176k-200k 7 1 1.2 0
201k-225k 7 1 1.2 0
226k-250k 8 7 0.1 6.9
251k-275k 3 33 8 1.8 0.5
276k-300k 7 14 3 0.3 3

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 1 0.2 0
101k-125k 4 4 2 0.2 6
126k-150k 5 10 3 0.3 3
151k-175k 10 7 2 0.1 8.6
176k-200k 5 5 2 0.2 6
201k-225k 5 5 1 0.2 6
226k-250k 4 5 0.2 4.8
251k-275k 1 4 2 0.7 1.5
276k-300k 2 7 4 0.6 1.7
301k-325k 1 3 1 0.5 2
326k-350k 3 2 0.1 9
351k-375k 1 2 1 0.3 3
376k-400k 1 0.2 0
401k-425k 1 1 0.2 0
651k-700k 1 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 2 0.3 0
26k-50k 6 13 4 0.4 2.8
51k-75k 8 8 3 0.2 6
76k-100k 6 9 0.3 4
101k-125k 4 4 1 0.2 6
126k-150k 9 3 0.1 18
151k-175k 3 5 1 0.3 3.6
176k-200k 3 1 0.1 18
201k-225k 4 1 0 24
226k-250k 3 2 1 0.1 9
251k-275k 3 1 0.1 18
276k-300k 2 0
301k-325k 2 0
326k-350k 2 0
351k-375k 1 0
426k-450k 2 0
476k-500k 1 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 0
751k-800k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 2 0.2 6
1.3m-1.4m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0
4m-4.5m 1 0