Absorption Report

Lake County, New Construction

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 Last 6 Months 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 1 0
151k-175k 2 1 0.1 12
176k-200k 1 4 0.7 1.5
201k-225k 9 10 3 0.2 5.4
226k-250k 9 15 4 0.3 3.6
251k-275k 15 24 2 0.3 3.8
276k-300k 28 38 4 0.2 4.4
301k-325k 31 52 10 0.3 3.6
326k-350k 68 96 15 0.2 4.3
351k-375k 65 128 14 0.3 3
376k-400k 110 130 19 0.2 5.1
401k-425k 91 84 21 0.2 6.5
426k-450k 71 92 13 0.2 4.6
451k-475k 55 61 8 0.2 5.4
476k-500k 51 80 15 0.3 3.8
501k-550k 53 105 23 0.3 3
551k-600k 49 87 13 0.3 3.4
601k-650k 34 57 11 0.3 3.6
651k-700k 37 36 10 0.2 6.2
701k-750k 18 23 2 0.2 4.7
751k-800k 12 27 2 0.4 2.7
801k-850k 11 10 3 0.2 6.6
851k-900k 9 7 1 0.1 7.7
901k-950k 5 13 1 0.4 2.3
951k-1m 4 9 0.4 2.7
1m-1.1m 11 13 4 0.2 5.1
1.1m-1.2m 16 7 1 0.1 13.7
1.2m-1.3m 1 4 2 0.7 1.5
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 4 1 1 0 24
1.8m-1.9m 2 2 0.2 6
2m-2.25m 1 4 0.7 1.5
2.25m-2.5m 3 5 0.3 3.6
2.5m-2.75m 4 2 0.1 12
2.75m-3m 3 1 0.1 18
3m-3.5m 3 2 0.1 9
3.5m-4m 2 0
4m-4.5m 3 0
4.5m-5m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
201k-225k 1 0
226k-250k 1 0
251k-275k 3 13 0.7 1.4
276k-300k 7 24 2 0.6 1.8
301k-325k 14 2 1 0 42
326k-350k 1 20 8 3.3 0.3
351k-375k 10 23 8 0.4 2.6
376k-400k 3 7 0.4 2.6
401k-425k 13 1 2.2 0
426k-450k 4 0.7 0
451k-475k 1 0
476k-500k 3 1 0.1 18
501k-550k 1 5 0.8 1.2
551k-600k 2 12 1 1 1
601k-650k 2 2 0.2 6

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 0
101k-125k 4 0
126k-150k 1 0.2 0
176k-200k 2 0.3 0
276k-300k 3 0
301k-325k 1 0
326k-350k 1 1 0.2 0
376k-400k 2 0.3 0
426k-450k 1 2 0.3 3
501k-550k 1 1 0.2 6
551k-600k 1 0