Absorption Report

Lakeland, Hallamwood Ct

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 1 1 0.2 0
51k-75k 2 1 0.1 12
76k-100k 2 5 1 0.4 2.4
101k-125k 13 1 2.2 0
126k-150k 6 12 0.3 3
151k-175k 10 22 3 0.4 2.7
176k-200k 18 22 4 0.2 4.9
201k-225k 15 48 4 0.5 1.9
226k-250k 23 63 6 0.5 2.2
251k-275k 26 47 7 0.3 3.3
276k-300k 30 74 8 0.4 2.4
301k-325k 21 61 4 0.5 2.1
326k-350k 33 49 8 0.2 4
351k-375k 21 57 3 0.5 2.2
376k-400k 34 56 11 0.3 3.6
401k-425k 22 62 5 0.5 2.1
426k-450k 31 33 4 0.2 5.6
451k-475k 22 25 3 0.2 5.3
476k-500k 26 21 2 0.1 7.4
501k-550k 26 45 3 0.3 3.5
551k-600k 19 26 3 0.2 4.4
601k-650k 14 25 4 0.3 3.4
651k-700k 15 12 1 0.1 7.5
701k-750k 6 9 1 0.3 4
751k-800k 11 16 1 0.2 4.1
801k-850k 6 9 0.3 4
851k-900k 8 9 1 0.2 5.3
901k-950k 3 7 0.4 2.6
951k-1m 5 4 0.1 7.5
1m-1.1m 3 6 1 0.3 3
1.1m-1.2m 3 5 0.3 3.6
1.2m-1.3m 4 1 0 24
1.3m-1.4m 3 2 0.1 9
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 4 1 0 24
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0.2 0
2m-2.25m 1 2 1 0.3 3
2.25m-2.5m 1 1 0.2 6
3m-3.5m 1 0.2 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
76k-100k 2 0
101k-125k 2 1 0.1 12
126k-150k 4 7 3 0.3 3.4
151k-175k 6 17 4 0.5 2.1
176k-200k 13 12 0.2 6.5
201k-225k 7 14 3 0.3 3
226k-250k 6 7 1 0.2 5.1
251k-275k 2 12 1 1 1
276k-300k 2 0
301k-325k 1 0.2 0
326k-350k 1 0.2 0
401k-425k 1 0.2 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
51k-75k 1 1 0.2 6
76k-100k 20 14 0.1 8.6
101k-125k 12 26 3 0.4 2.8
126k-150k 11 32 4 0.5 2.1
151k-175k 28 35 1 0.2 4.8
176k-200k 47 33 0.1 8.5
201k-225k 15 23 2 0.3 3.9
226k-250k 17 14 2 0.1 7.3
251k-275k 13 15 1 0.2 5.2
276k-300k 5 6 1 0.2 5
301k-325k 6 3 1 0.1 12
326k-350k 4 1 0 24
351k-375k 3 5 0.3 3.6
376k-400k 1 4 1 0.7 1.5
401k-425k 3 1 0.1 18
426k-450k 1 0
451k-475k 1 0
501k-550k 1 0
551k-600k 2 0
601k-650k 1 0
701k-750k 4 0
1m-1.1m 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 6 0.5 2
26k-50k 4 5 0.2 4.8
51k-75k 3 4 1 0.2 4.5
76k-100k 8 1 0 48
101k-125k 3 2 0.1 9
126k-150k 3 3 1 0.2 6
151k-175k 5 2 0.1 15
176k-200k 6 1 0 36
201k-225k 1 0
226k-250k 3 2 0.1 9
251k-275k 7 2 0 21
276k-300k 4 2 0.1 12
301k-325k 3 1 0.1 18
326k-350k 1 0
351k-375k 1 0
376k-400k 2 0
426k-450k 1 0
451k-475k 2 0
476k-500k 2 0
551k-600k 1 0
601k-650k 3 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0.2 0
851k-900k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 3 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 1 0
6.01m-7m 1 0