Absorption Report

Pierson, Land

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 1 5 1 0.8 1.2
101k-125k 8 2 1.3 0
126k-150k 5 13 3 0.4 2.3
151k-175k 6 27 7 0.8 1.3
176k-200k 8 16 1 0.3 3
201k-225k 8 39 10 0.8 1.2
226k-250k 18 51 7 0.5 2.1
251k-275k 27 46 11 0.3 3.5
276k-300k 20 61 18 0.5 2
301k-325k 11 53 16 0.8 1.2
326k-350k 23 54 15 0.4 2.6
351k-375k 17 45 8 0.4 2.3
376k-400k 31 61 12 0.3 3
401k-425k 30 56 10 0.3 3.2
426k-450k 36 37 8 0.2 5.8
451k-475k 13 22 2 0.3 3.5
476k-500k 23 20 5 0.1 6.9
501k-550k 20 51 14 0.4 2.4
551k-600k 13 26 9 0.3 3
601k-650k 13 17 4 0.2 4.6
651k-700k 8 15 6 0.3 3.2
701k-750k 8 9 1 0.2 5.3
751k-800k 5 9 2 0.3 3.3
801k-850k 6 7 2 0.2 5.1
851k-900k 12 10 4 0.1 7.2
901k-950k 2 5 2 0.4 2.4
951k-1m 4 2 1 0.1 12
1m-1.1m 4 5 3 0.2 4.8
1.1m-1.2m 7 2 0 21
1.2m-1.3m 7 6 0.1 7
1.3m-1.4m 1 4 1 0.7 1.5
1.4m-1.5m 2 1 0.3 0
1.5m-1.6m 2 0
1.6m-1.7m 2 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 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 2 7 1 0.6 1.7
151k-175k 8 10 4 0.2 4.8
176k-200k 6 16 2 0.4 2.3
201k-225k 4 5 2 0.2 4.8
226k-250k 7 11 1 0.3 3.8
251k-275k 7 3 1 0.1 14
276k-300k 1 1 0.2 6
301k-325k 1 3 0.5 2
326k-350k 1 1 0.2 6
376k-400k 2 0.3 0
426k-450k 1 0
476k-500k 1 0
501k-550k 3 0.5 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 3 0.5 0
76k-100k 16 11 3 0.1 8.7
101k-125k 19 19 6 0.2 6
126k-150k 14 22 7 0.3 3.8
151k-175k 27 18 7 0.1 9
176k-200k 27 37 3 0.2 4.4
201k-225k 20 13 4 0.1 9.2
226k-250k 19 13 4 0.1 8.8
251k-275k 11 7 1 0.1 9.4
276k-300k 4 7 0.3 3.4
301k-325k 3 6 1 0.3 3
326k-350k 2 6 1 0.5 2
351k-375k 2 5 1 0.4 2.4
376k-400k 3 0
401k-425k 2 1 0.1 12
451k-475k 1 1 0.2 0
476k-500k 1 0
501k-550k 2 0
551k-600k 1 0
601k-650k 3 0
651k-700k 1 0
701k-750k 4 1 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 3 2 2 0.1 9
26k-50k 4 8 3 0.3 3
51k-75k 5 3 1 0.1 10
76k-100k 8 8 3 0.2 6
101k-125k 5 2 0.1 15
126k-150k 4 1 0 24
151k-175k 4 5 0.2 4.8
176k-200k 7 0
201k-225k 1 3 0.5 2
226k-250k 8 2 0 24
251k-275k 6 2 0.1 18
276k-300k 5 0
301k-325k 3 0
351k-375k 2 0
376k-400k 3 0
451k-475k 1 0
476k-500k 1 0
501k-550k 3 0
551k-600k 1 2 0.3 3
601k-650k 1 1 0.2 6
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 2 0
1.2m-1.3m 1 2 2 0.3 3
1.4m-1.5m 3 0
1.6m-1.7m 1 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 2 1 0.1 12
2.75m-3m 2 0
3m-3.5m 3 1 0.1 18
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