Absorption Report

Sanford, Saint Josephs

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 1 1 0.2 0
51k-75k 2 6 3 0.5 2
76k-100k 4 8 0.3 3
101k-125k 3 13 1 0.7 1.4
126k-150k 20 39 7 0.3 3.1
151k-175k 42 73 8 0.3 3.5
176k-200k 81 148 29 0.3 3.3
201k-225k 107 188 41 0.3 3.4
226k-250k 213 375 77 0.3 3.4
251k-275k 218 372 78 0.3 3.5
276k-300k 291 464 94 0.3 3.8
301k-325k 216 326 67 0.3 4
326k-350k 214 227 47 0.2 5.7
351k-375k 110 125 29 0.2 5.3
376k-400k 112 107 22 0.2 6.3
401k-425k 60 55 11 0.2 6.5
426k-450k 60 75 14 0.2 4.8
451k-475k 33 36 5 0.2 5.5
476k-500k 31 31 9 0.2 6
501k-550k 44 48 15 0.2 5.5
551k-600k 34 24 8 0.1 8.5
601k-650k 17 14 3 0.1 7.3
651k-700k 13 13 2 0.2 6
701k-750k 7 11 0.3 3.8
751k-800k 5 5 0.2 6
801k-850k 11 3 0 22
851k-900k 2 7 2 0.6 1.7
901k-950k 5 3 0.1 10
951k-1m 11 2 0 33
1m-1.1m 5 3 1 0.1 10
1.1m-1.2m 12 2 1 0 36
1.2m-1.3m 6 2 1 0.1 18
1.3m-1.4m 3 4 1 0.2 4.5
1.4m-1.5m 2 4 1 0.3 3
1.5m-1.6m 4 0
1.7m-1.8m 3 0
1.9m-2m 3 0
2.25m-2.5m 4 0
2.5m-2.75m 1 3 1 0.5 2
2.75m-3m 5 0
3.5m-4m 1 2 0.3 3
4m-4.5m 1 1 0.2 6
4.5m-5m 1 0.2 0
5.01m-6m 1 0
6.01m-7m 1 0.2 0
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 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
101k-125k 1 0.2 0
126k-150k 2 0
151k-175k 1 0.2 0
176k-200k 4 4 1 0.2 6
201k-225k 4 9 5 0.4 2.7
226k-250k 25 9 0.1 16.7
251k-275k 20 11 0.1 10.9
276k-300k 5 0
326k-350k 1 0
476k-500k 1 0
801k-850k 4 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
76k-100k 2 8 2 0.7 1.5
101k-125k 12 18 2 0.3 4
126k-150k 13 18 6 0.2 4.3
151k-175k 19 8 0.1 14.3
176k-200k 4 2 1 0.1 12
201k-225k 3 3 0.2 6
226k-250k 4 2 0.1 12
251k-275k 2 0
276k-300k 1 0.2 0
351k-375k 2 0.3 0
451k-475k 1 0
476k-500k 2 0

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 115 275 55 0.4 2.5
26k-50k 265 409 99 0.3 3.9
51k-75k 85 59 17 0.1 8.6
76k-100k 98 28 4 0 21
101k-125k 36 11 1 0.1 19.6
126k-150k 13 5 0.1 15.6
151k-175k 8 7 3 0.1 6.9
176k-200k 6 7 1 0.2 5.1
201k-225k 4 1 0 24
226k-250k 7 1 0 42
251k-275k 4 2 1 0.1 12
276k-300k 12 1 0 72
301k-325k 2 1 1 0.1 12
326k-350k 2 1 0.1 12
351k-375k 3 0
376k-400k 3 1 0.1 18
401k-425k 1 1 1 0.2 6
426k-450k 8 2 1 0 24
476k-500k 9 1 0 54
501k-550k 5 1 0 30
551k-600k 8 0
601k-650k 1 0
651k-700k 3 2 1 0.1 9
701k-750k 3 2 0.1 9
751k-800k 1 0
801k-850k 1 1 1 0.2 6
851k-900k 1 1 0.2 6
901k-950k 3 0
951k-1m 7 0
1m-1.1m 1 0
1.1m-1.2m 7 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 5 2 0.1 15
1.4m-1.5m 6 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 5 0
1.9m-2m 1 1 0.2 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 4 0
2.75m-3m 3 0
3m-3.5m 2 0
3.5m-4m 2 0
4m-4.5m 1 0
5.01m-6m 4 0
6.01m-7m 2 0
7.01m-8m 1 0
8.01m-9m 2 0
9.01m-10m 1 0
12.01m-13m 1 0