Absorption Report

Lakeland, Medulla Elementary School

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 18% 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
76k-100k 1 0.2 0
101k-125k 7 1 1.2 0
126k-150k 2 9 0.8 1.3
151k-175k 5 11 4 0.4 2.7
176k-200k 9 21 2 0.4 2.6
201k-225k 6 22 1 0.6 1.6
226k-250k 22 31 5 0.2 4.3
251k-275k 19 35 7 0.3 3.3
276k-300k 32 55 7 0.3 3.5
301k-325k 40 64 4 0.3 3.8
326k-350k 57 98 12 0.3 3.5
351k-375k 71 76 6 0.2 5.6
376k-400k 104 105 14 0.2 5.9
401k-425k 66 85 13 0.2 4.7
426k-450k 85 91 17 0.2 5.6
451k-475k 62 59 5 0.2 6.3
476k-500k 91 64 10 0.1 8.5
501k-550k 122 114 8 0.2 6.4
551k-600k 128 101 8 0.1 7.6
601k-650k 89 78 10 0.1 6.8
651k-700k 73 50 6 0.1 8.8
701k-750k 36 42 7 0.2 5.1
751k-800k 42 31 6 0.1 8.1
801k-850k 29 27 8 0.2 6.4
851k-900k 25 12 3 0.1 12.5
901k-950k 20 15 0.1 8
951k-1m 28 9 4 0.1 18.7
1m-1.1m 12 12 4 0.2 6
1.1m-1.2m 27 15 4 0.1 10.8
1.2m-1.3m 16 10 6 0.1 9.6
1.3m-1.4m 8 10 1 0.2 4.8
1.4m-1.5m 14 4 1 0 21
1.5m-1.6m 13 8 5 0.1 9.8
1.6m-1.7m 9 10 4 0.2 5.4
1.7m-1.8m 3 7 1 0.4 2.6
1.8m-1.9m 9 3 1 0.1 18
1.9m-2m 8 0
2m-2.25m 7 6 1 0.1 7
2.25m-2.5m 6 5 0.1 7.2
2.5m-2.75m 7 0
2.75m-3m 12 1 0 72
3m-3.5m 3 5 4 0.3 3.6
3.5m-4m 5 0
4m-4.5m 2 2 0.2 6
4.5m-5m 1 1 0.2 6
5.01m-6m 5 1 0 30
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 0
17.01m-18m 1 0.2 0

Townhouses 8% 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
126k-150k 3 3 0.2 6
151k-175k 9 4 1 0.1 13.5
176k-200k 11 9 0.1 7.3
201k-225k 9 18 2 0.3 3
226k-250k 29 17 2 0.1 10.2
251k-275k 17 18 4 0.2 5.7
276k-300k 27 21 1 0.1 7.7
301k-325k 23 12 0.1 11.5
326k-350k 42 19 1 0.1 13.3
351k-375k 16 11 0.1 8.7
376k-400k 13 1 0 78
401k-425k 3 1 0.1 18
426k-450k 3 1 1 0.1 18
451k-475k 2 0
476k-500k 4 0
501k-550k 3 0
551k-600k 1 3 0.5 2
601k-650k 1 0
751k-800k 1 0.2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0.2 0

Condos 8% 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 2 0
76k-100k 7 11 3 0.3 3.8
101k-125k 19 24 3 0.2 4.8
126k-150k 53 32 2 0.1 9.9
151k-175k 59 56 5 0.2 6.3
176k-200k 97 58 5 0.1 10
201k-225k 95 64 11 0.1 8.9
226k-250k 124 50 7 0.1 14.9
251k-275k 95 51 6 0.1 11.2
276k-300k 134 50 4 0.1 16.1
301k-325k 97 44 6 0.1 13.2
326k-350k 103 29 4 0 21.3
351k-375k 65 23 4 0.1 17
376k-400k 74 28 4 0.1 15.9
401k-425k 38 12 3 0.1 19
426k-450k 39 21 4 0.1 11.1
451k-475k 26 16 3 0.1 9.8
476k-500k 33 12 4 0.1 16.5
501k-550k 31 18 3 0.1 10.3
551k-600k 15 7 1 0.1 12.9
601k-650k 9 2 1 0 27
651k-700k 9 2 0 27
701k-750k 9 2 0 27
751k-800k 6 0
801k-850k 3 3 0.2 6
851k-900k 9 1 0 54
901k-950k 3 0
951k-1m 4 0
1m-1.1m 1 1 1 0.2 6
1.1m-1.2m 8 3 0.1 16
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 5 0
1.4m-1.5m 4 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 2 1 0.2 6
1.7m-1.8m 1 0.2 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0

Land 8% 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 14 29 3 0.3 2.9
26k-50k 60 52 7 0.1 6.9
51k-75k 72 32 10 0.1 13.5
76k-100k 54 8 1 0 40.5
101k-125k 12 6 1 0.1 12
126k-150k 24 6 0 24
151k-175k 18 7 1 0.1 15.4
176k-200k 22 6 0 22
201k-225k 19 3 2 0 38
226k-250k 15 3 1 0 30
251k-275k 15 3 0 30
276k-300k 6 3 0.1 12
301k-325k 5 2 0.1 15
326k-350k 7 0
351k-375k 3 0
376k-400k 2 0
426k-450k 4 0
451k-475k 2 0
476k-500k 7 3 0.1 14
501k-550k 5 1 0 30
551k-600k 8 2 0 24
601k-650k 5 3 0.1 10
651k-700k 1 0
701k-750k 5 0
751k-800k 4 0
801k-850k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 3 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 1 0.2 6
1.8m-1.9m 2 0
2.25m-2.5m 1 2 2 0.3 3
2.5m-2.75m 2 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
4m-4.5m 1 1 0.2 6
6.01m-7m 2 0
11.01m-12m 1 0