Absorption Report

Marion County, House

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
1k-25k 2 1 0.3 0
26k-50k 2 7 2 0.6 1.7
51k-75k 3 5 0.3 3.6
76k-100k 8 11 2 0.2 4.4
101k-125k 8 27 3 0.6 1.8
126k-150k 22 73 9 0.6 1.8
151k-175k 43 114 21 0.4 2.3
176k-200k 134 191 25 0.2 4.2
201k-225k 193 320 57 0.3 3.6
226k-250k 335 528 82 0.3 3.8
251k-275k 351 455 83 0.2 4.6
276k-300k 516 607 97 0.2 5.1
301k-325k 425 460 64 0.2 5.5
326k-350k 341 338 65 0.2 6.1
351k-375k 194 225 24 0.2 5.2
376k-400k 187 156 17 0.1 7.2
401k-425k 94 111 12 0.2 5.1
426k-450k 82 89 13 0.2 5.5
451k-475k 64 52 8 0.1 7.4
476k-500k 70 46 11 0.1 9.1
501k-550k 71 55 9 0.1 7.7
551k-600k 49 47 6 0.2 6.3
601k-650k 42 29 5 0.1 8.7
651k-700k 35 24 4 0.1 8.8
701k-750k 22 13 0.1 10.2
751k-800k 23 11 1 0.1 12.5
801k-850k 21 13 1 0.1 9.7
851k-900k 19 8 2 0.1 14.3
901k-950k 14 3 0 28
951k-1m 22 9 2 0.1 14.7
1m-1.1m 14 7 1 0.1 12
1.1m-1.2m 19 5 1 0 22.8
1.2m-1.3m 15 3 0 30
1.3m-1.4m 11 5 0.1 13.2
1.4m-1.5m 9 2 0 27
1.5m-1.6m 6 2 0.1 18
1.6m-1.7m 8 1 0 48
1.7m-1.8m 9 1 0 54
1.8m-1.9m 6 1 0 36
1.9m-2m 12 1 0 72
2m-2.25m 5 2 0.1 15
2.25m-2.5m 14 3 0 28
2.5m-2.75m 6 1 0 36
2.75m-3m 13 3 0 26
3m-3.5m 5 0
3.5m-4m 14 1 0 84
4m-4.5m 5 0
4.5m-5m 1 1 0.2 0
5.01m-6m 3 1 0.1 18
6.01m-7m 1 0
7.01m-8m 2 0
8.01m-9m 3 0
9.01m-10m 4 0
10.01m-11m 1 0
11.01m-12m 1 0
13.01m-14m 2 0
14.01m-15m 1 0
17.01m-18m 1 0
18.01m-19m 1 0
23.01m-24m 1 0
26.01m-27m 1 0.2 0