Absorption Report

Paisley

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 0.3 0
76k-100k 5 0.8 0
101k-125k 1 11 4 1.8 0.5
126k-150k 4 16 4 0.7 1.5
151k-175k 5 27 7 0.9 1.1
176k-200k 7 19 5 0.5 2.2
201k-225k 14 40 7 0.5 2.1
226k-250k 22 59 10 0.4 2.2
251k-275k 26 49 11 0.3 3.2
276k-300k 18 73 13 0.7 1.5
301k-325k 13 59 11 0.8 1.3
326k-350k 29 55 9 0.3 3.2
351k-375k 34 53 14 0.3 3.8
376k-400k 29 66 10 0.4 2.6
401k-425k 27 67 13 0.4 2.4
426k-450k 30 40 8 0.2 4.5
451k-475k 15 27 5 0.3 3.3
476k-500k 21 25 3 0.2 5
501k-550k 34 56 12 0.3 3.6
551k-600k 19 31 5 0.3 3.7
601k-650k 18 21 5 0.2 5.1
651k-700k 12 16 3 0.2 4.5
701k-750k 9 13 5 0.2 4.2
751k-800k 7 14 4 0.3 3
801k-850k 10 12 3 0.2 5
851k-900k 6 11 3 0.3 3.3
901k-950k 2 4 0.3 3
951k-1m 7 4 1 0.1 10.5
1m-1.1m 3 4 0.2 4.5
1.1m-1.2m 3 5 3 0.3 3.6
1.2m-1.3m 7 3 1 0.1 14
1.3m-1.4m 4 0.7 0
1.4m-1.5m 1 3 0.5 2
1.5m-1.6m 4 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 2 1 0.3 0
1.9m-2m 1 1 1 0.2 6
2m-2.25m 1 1 1 0.2 6
2.5m-2.75m 1 0
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 1 0.1 12
101k-125k 2 0.3 0
126k-150k 1 7 2 1.2 0.9
151k-175k 3 12 2 0.7 1.5
176k-200k 10 19 4 0.3 3.2
201k-225k 7 9 2 0.2 4.7
226k-250k 7 12 2 0.3 3.5
251k-275k 2 7 3 0.6 1.7
276k-300k 4 1 0 24
301k-325k 3 0.5 0
326k-350k 1 2 0.3 3
376k-400k 2 0.3 0
401k-425k 1 0
476k-500k 1 0
501k-550k 2 0.3 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 4 0.7 0
76k-100k 17 14 4 0.1 7.3
101k-125k 17 20 5 0.2 5.1
126k-150k 18 28 9 0.3 3.9
151k-175k 31 27 6 0.1 6.9
176k-200k 36 42 6 0.2 5.1
201k-225k 22 18 7 0.1 7.3
226k-250k 16 12 2 0.1 8
251k-275k 11 12 5 0.2 5.5
276k-300k 2 8 2 0.7 1.5
301k-325k 6 5 1 0.1 7.2
326k-350k 2 5 0.4 2.4
351k-375k 2 8 2 0.7 1.5
376k-400k 2 3 2 0.3 4
401k-425k 2 0
451k-475k 1 1 0.2 6
476k-500k 2 0
551k-600k 3 0
601k-650k 1 0
651k-700k 1 0
701k-750k 4 1 0 24

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 3 0.5 2
26k-50k 1 10 1.7 0.6
51k-75k 2 3 0.3 4
76k-100k 8 6 0.1 8
101k-125k 3 3 1 0.2 6
126k-150k 4 1 0 24
151k-175k 4 6 1 0.3 4
176k-200k 8 0
201k-225k 1 3 0.5 2
226k-250k 4 3 1 0.1 8
251k-275k 10 4 2 0.1 15
276k-300k 7 0
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0
376k-400k 2 0
401k-425k 1 0
451k-475k 1 0
476k-500k 1 0
501k-550k 3 0
551k-600k 1 1 0.2 6
601k-650k 1 0
701k-750k 1 0
751k-800k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 1 2 0.3 3
1.4m-1.5m 2 0
1.6m-1.7m 1 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0.2 0
2.75m-3m 2 0
3m-3.5m 2 1 0.1 12
3.5m-4m 1 0
4m-4.5m 1 0
6.01m-7m 2 0
9.01m-10m 1 0
32.01m-33m 1 0