Absorption Report

Venice, Hazelwood

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
51k-75k 1 0.2 0
101k-125k 2 1 1 0.1 12
126k-150k 1 1 0.2 6
151k-175k 2 9 3 0.8 1.3
176k-200k 9 13 1 0.2 4.2
201k-225k 16 39 8 0.4 2.5
226k-250k 23 78 17 0.6 1.8
251k-275k 24 60 7 0.4 2.4
276k-300k 27 33 8 0.2 4.9
301k-325k 16 22 3 0.2 4.4
326k-350k 17 23 9 0.2 4.4
351k-375k 24 25 5 0.2 5.8
376k-400k 22 12 1 0.1 11
401k-425k 5 16 4 0.5 1.9
426k-450k 7 6 1 0.1 7
451k-475k 4 8 1 0.3 3
476k-500k 3 5 0.3 3.6
501k-550k 10 6 2 0.1 10
551k-600k 3 4 1 0.2 4.5
601k-650k 6 5 0.1 7.2
651k-700k 5 3 0.1 10
701k-750k 1 2 0.3 3
751k-800k 3 2 0.1 9
801k-850k 2 1 0.1 12
851k-900k 5 0
901k-950k 2 0
951k-1m 1 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 2 1 0.1 12

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
126k-150k 1 0.2 0
176k-200k 1 3 0.5 2

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 150 255 50 0.3 3.5
26k-50k 171 123 18 0.1 8.3
51k-75k 41 25 4 0.1 9.8
76k-100k 18 10 1 0.1 10.8
101k-125k 8 2 0 24
126k-150k 1 3 0.5 2
151k-175k 2 2 0.2 6
176k-200k 1 3 0.5 2
201k-225k 2 1 0.1 12
226k-250k 2 1 0.1 12
251k-275k 3 0
276k-300k 3 3 0.2 6
326k-350k 1 0
426k-450k 2 0
476k-500k 1 0
501k-550k 1 1 0.2 6
601k-650k 2 0
701k-750k 1 0
851k-900k 1 0.2 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
19.01m-20m 1 0