Absorption Report

Lithia, FishHawk Ranch

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 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
26k-50k 1 0.2 0
51k-75k 2 0.3 0
76k-100k 4 4 1 0.2 6
101k-125k 1 10 3 1.7 0.6
126k-150k 1 20 5 3.3 0.3
151k-175k 6 35 4 1 1
176k-200k 21 51 8 0.4 2.5
201k-225k 42 68 14 0.3 3.7
226k-250k 73 101 9 0.2 4.3
251k-275k 79 94 11 0.2 5
276k-300k 103 141 14 0.2 4.4
301k-325k 122 163 26 0.2 4.5
326k-350k 212 145 25 0.1 8.8
351k-375k 113 88 10 0.1 7.7
376k-400k 163 103 8 0.1 9.5
401k-425k 58 49 4 0.1 7.1
426k-450k 49 26 5 0.1 11.3
451k-475k 37 34 6 0.2 6.5
476k-500k 56 31 3 0.1 10.8
501k-550k 56 35 1 0.1 9.6
551k-600k 64 41 2 0.1 9.4
601k-650k 30 13 1 0.1 13.8
651k-700k 31 15 2 0.1 12.4
701k-750k 19 17 1 0.1 6.7
751k-800k 26 19 1 0.1 8.2
801k-850k 11 5 1 0.1 13.2
851k-900k 18 11 0.1 9.8
901k-950k 10 2 0 30
951k-1m 14 7 0.1 12
1m-1.1m 6 1 0 36
1.1m-1.2m 10 6 0.1 10
1.2m-1.3m 9 8 1 0.1 6.8
1.3m-1.4m 2 0
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 2 0
1.6m-1.7m 2 0
1.8m-1.9m 2 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6

Townhouses NAN% 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
151k-175k 1 0.2 0
226k-250k 1 0.2 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 3 1 0.5 2
76k-100k 8 9 3 0.2 5.3
101k-125k 8 11 2 0.2 4.4
126k-150k 30 20 3 0.1 9
151k-175k 21 21 0.2 6
176k-200k 24 13 2 0.1 11.1
201k-225k 10 6 1 0.1 10
226k-250k 7 14 5 0.3 3
251k-275k 6 8 0.2 4.5
276k-300k 8 2 0 24
301k-325k 3 1 0.1 18
326k-350k 2 1 0.1 12
351k-375k 2 0
376k-400k 1 0
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0.2 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
-24,000-0 4 0
1k-25k 1265 794 114 0.1 9.6
26k-50k 1116 211 36 0 31.7
51k-75k 241 48 13 0 30.1
76k-100k 153 39 9 0 23.5
101k-125k 101 15 0 40.4
126k-150k 55 14 3 0 23.6
151k-175k 52 11 0 28.4
176k-200k 41 4 0 61.5
201k-225k 30 3 0 60
226k-250k 11 5 0.1 13.2
251k-275k 7 0
276k-300k 15 0
301k-325k 7 2 0 21
326k-350k 5 1 0 30
351k-375k 5 0
376k-400k 6 0
401k-425k 1 0.2 0
426k-450k 6 0
451k-475k 1 0.2 0
476k-500k 2 0
501k-550k 2 0
551k-600k 2 1 0.1 12
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
801k-850k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
4.5m-5m 1 0
12.01m-13m 1 0