Absorption Report

Lakeland, Breakwater Cove, Sydney

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 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
101k-125k 2 0.3 0
126k-150k 1 0.2 0
151k-175k 2 4 0.3 3
176k-200k 4 10 1 0.4 2.4
201k-225k 7 8 1 0.2 5.3
226k-250k 9 8 2 0.1 6.8
251k-275k 8 12 1 0.3 4
276k-300k 21 21 4 0.2 6
301k-325k 10 27 4 0.5 2.2
326k-350k 30 21 4 0.1 8.6
351k-375k 17 18 1 0.2 5.7
376k-400k 19 8 1 0.1 14.3
401k-425k 12 7 1 0.1 10.3
426k-450k 2 6 1 0.5 2
451k-475k 5 1 0 30
476k-500k 8 2 0 24
501k-550k 7 2 0 21
551k-600k 3 5 1 0.3 3.6
601k-650k 6 0
651k-700k 1 3 0.5 2
701k-750k 2 0
751k-800k 2 0
801k-850k 1 0
851k-900k 2 0.3 0
951k-1m 1 1 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0.2 0
1.6m-1.7m 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 0.2 0
101k-125k 1 0
126k-150k 4 1 1 0 24
151k-175k 1 0.2 0
176k-200k 1 0

Land 2% 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 261 126 10 0.1 12.4
26k-50k 177 25 1 0 42.5
51k-75k 36 4 0 54
76k-100k 44 2 0 132
101k-125k 17 0
126k-150k 8 2 0 24
151k-175k 6 0
176k-200k 8 0
201k-225k 2 1 0.1 12
351k-375k 1 0.2 0
376k-400k 1 0
551k-600k 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0