Absorption Report

Seville, Brown Lee

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 0.2 0
51k-75k 2 5 3 0.4 2.4
76k-100k 5 11 3 0.4 2.7
101k-125k 1 17 4 2.8 0.4
126k-150k 16 43 7 0.4 2.2
151k-175k 50 75 11 0.3 4
176k-200k 76 163 33 0.4 2.8
201k-225k 103 194 42 0.3 3.2
226k-250k 205 376 65 0.3 3.3
251k-275k 196 388 82 0.3 3
276k-300k 297 492 110 0.3 3.6
301k-325k 213 337 68 0.3 3.8
326k-350k 222 232 39 0.2 5.7
351k-375k 118 139 36 0.2 5.1
376k-400k 119 113 21 0.2 6.3
401k-425k 49 54 10 0.2 5.4
426k-450k 52 71 12 0.2 4.4
451k-475k 33 40 11 0.2 5
476k-500k 29 37 13 0.2 4.7
501k-550k 40 51 13 0.2 4.7
551k-600k 32 24 5 0.1 8
601k-650k 18 15 5 0.1 7.2
651k-700k 11 11 2 0.2 6
701k-750k 5 11 0.4 2.7
751k-800k 7 5 0.1 8.4
801k-850k 11 4 1 0.1 16.5
851k-900k 5 6 1 0.2 5
901k-950k 3 5 2 0.3 3.6
951k-1m 10 1 0 60
1m-1.1m 3 3 1 0.2 6
1.1m-1.2m 13 3 2 0 26
1.2m-1.3m 9 3 1 0.1 18
1.3m-1.4m 2 4 0.3 3
1.4m-1.5m 3 4 0.2 4.5
1.5m-1.6m 4 0
1.6m-1.7m 1 0
1.7m-1.8m 2 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
126k-150k 1 0
151k-175k 1 0.2 0
176k-200k 3 4 1 0.2 4.5
201k-225k 4 9 4 0.4 2.7
226k-250k 19 9 1 0.1 12.7
251k-275k 17 11 1 0.1 9.3
276k-300k 3 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 7 1 0.6 1.7
101k-125k 11 18 1 0.3 3.7
126k-150k 19 18 5 0.2 6.3
151k-175k 15 8 0.1 11.3
176k-200k 3 2 0.1 9
201k-225k 2 3 0.3 4
226k-250k 3 2 0.1 9
251k-275k 1 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 89 286 45 0.5 1.9
26k-50k 267 416 95 0.3 3.9
51k-75k 85 59 8 0.1 8.6
76k-100k 112 30 4 0 22.4
101k-125k 37 10 1 0 22.2
126k-150k 13 4 0.1 19.5
151k-175k 8 7 0.1 6.9
176k-200k 7 7 0.2 6
201k-225k 5 2 1 0.1 15
226k-250k 7 1 0 42
251k-275k 3 2 0.1 9
276k-300k 13 1 0 78
301k-325k 2 1 0.1 12
326k-350k 2 1 0.1 12
351k-375k 3 0
376k-400k 4 1 0 24
401k-425k 1 1 0.2 6
426k-450k 8 2 0 24
451k-475k 1 0
476k-500k 9 0
501k-550k 7 1 0 42
551k-600k 8 0
601k-650k 1 1 1 0.2 6
651k-700k 3 1 0.1 18
701k-750k 3 2 0.1 9
751k-800k 1 0
801k-850k 1 1 0.2 6
851k-900k 1 0.2 0
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 5 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 5 0
1.9m-2m 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 1 0
7.01m-8m 1 0
8.01m-9m 2 0
9.01m-10m 1 0