Absorption Report

Riverview, South Fork

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 5% 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
76k-100k 2 1 0.1 12
101k-125k 1 2 0.3 3
126k-150k 2 7 0.6 1.7
151k-175k 6 5 1 0.1 7.2
176k-200k 5 9 1 0.3 3.3
201k-225k 9 10 3 0.2 5.4
226k-250k 15 16 3 0.2 5.6
251k-275k 15 30 2 0.3 3
276k-300k 51 54 5 0.2 5.7
301k-325k 48 48 8 0.2 6
326k-350k 89 62 9 0.1 8.6
351k-375k 67 74 9 0.2 5.4
376k-400k 99 60 4 0.1 9.9
401k-425k 49 40 6 0.1 7.4
426k-450k 61 57 12 0.2 6.4
451k-475k 25 39 5 0.3 3.8
476k-500k 51 34 6 0.1 9
501k-550k 60 54 8 0.2 6.7
551k-600k 51 41 4 0.1 7.5
601k-650k 40 49 8 0.2 4.9
651k-700k 35 30 4 0.1 7
701k-750k 32 34 3 0.2 5.6
751k-800k 24 28 3 0.2 5.1
801k-850k 13 17 1 0.2 4.6
851k-900k 19 15 0.1 7.6
901k-950k 20 13 2 0.1 9.2
951k-1m 16 8 1 0.1 12
1m-1.1m 16 8 1 0.1 12
1.1m-1.2m 13 9 1 0.1 8.7
1.2m-1.3m 11 6 1 0.1 11
1.3m-1.4m 4 6 0.3 4
1.4m-1.5m 6 3 0.1 12
1.5m-1.6m 4 4 0.2 6
1.6m-1.7m 7 2 0 21
1.7m-1.8m 4 2 1 0.1 12
1.8m-1.9m 5 1 0 30
1.9m-2m 3 3 1 0.2 6
2m-2.25m 5 0
2.25m-2.5m 5 0
2.5m-2.75m 2 0
2.75m-3m 1 0
3m-3.5m 1 0.2 0
4.5m-5m 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
126k-150k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 4 1 1 0 24
251k-275k 1 0
301k-325k 2 1 0.1 12
326k-350k 4 5 1 0.2 4.8
351k-375k 4 2 0.1 12
376k-400k 1 2 0.3 3
426k-450k 1 0
476k-500k 2 0
501k-550k 2 1 0.1 12
651k-700k 1 0

Condos 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
76k-100k 2 0.3 0
101k-125k 4 4 0.2 6
126k-150k 11 7 2 0.1 9.4
151k-175k 27 21 1 0.1 7.7
176k-200k 36 20 3 0.1 10.8
201k-225k 19 17 3 0.1 6.7
226k-250k 21 20 1 0.2 6.3
251k-275k 28 24 3 0.1 7
276k-300k 42 19 3 0.1 13.3
301k-325k 26 13 1 0.1 12
326k-350k 27 9 1 0.1 18
351k-375k 23 10 1 0.1 13.8
376k-400k 28 10 2 0.1 16.8
401k-425k 22 10 1 0.1 13.2
426k-450k 23 4 0 34.5
451k-475k 9 6 0.1 9
476k-500k 13 6 1 0.1 13
501k-550k 20 5 0 24
551k-600k 11 3 1 0 22
601k-650k 6 2 0.1 18
651k-700k 4 0
701k-750k 7 1 0 42
751k-800k 9 0
801k-850k 1 0
851k-900k 5 0
951k-1m 1 0
1.1m-1.2m 3 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 406 218 17 0.1 11.2
26k-50k 354 114 20 0.1 18.6
51k-75k 133 57 8 0.1 14
76k-100k 75 25 8 0.1 18
101k-125k 46 15 3 0.1 18.4
126k-150k 37 9 5 0 24.7
151k-175k 20 13 0.1 9.2
176k-200k 22 4 0 33
201k-225k 18 5 1 0 21.6
226k-250k 17 3 0 34
251k-275k 12 4 1 0.1 18
276k-300k 26 4 0 39
301k-325k 9 1 0 54
326k-350k 16 3 0 32
351k-375k 5 3 0.1 10
376k-400k 12 2 0 36
401k-425k 4 3 0.1 8
426k-450k 7 0
451k-475k 4 0
476k-500k 6 0
501k-550k 5 0
551k-600k 6 1 0 36
601k-650k 4 0
651k-700k 1 0
701k-750k 3 0
751k-800k 7 0
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 8 0
1m-1.1m 5 1 0 30
1.1m-1.2m 3 0
1.2m-1.3m 2 2 0.2 6
1.4m-1.5m 3 0
1.5m-1.6m 2 0
1.9m-2m 2 1 0.1 12
2m-2.25m 3 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 2 0
4.5m-5m 1 0
5.01m-6m 2 0
7.01m-8m 1 0
13.01m-14m 1 0
15.01m-16m 1 0