Absorption Report

Lake School District, 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
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 1 0
101k-125k 1 2 0.3 3
126k-150k 2 6 0.5 2
151k-175k 5 5 0.2 6
176k-200k 6 14 3 0.4 2.6
201k-225k 7 12 2 0.3 3.5
226k-250k 12 29 7 0.4 2.5
251k-275k 12 30 0.4 2.4
276k-300k 33 42 5 0.2 4.7
301k-325k 38 67 10 0.3 3.4
326k-350k 65 84 14 0.2 4.6
351k-375k 54 101 21 0.3 3.2
376k-400k 79 94 17 0.2 5
401k-425k 53 60 9 0.2 5.3
426k-450k 61 90 19 0.2 4.1
451k-475k 37 43 6 0.2 5.2
476k-500k 48 54 13 0.2 5.3
501k-550k 46 67 8 0.2 4.1
551k-600k 41 45 11 0.2 5.5
601k-650k 27 38 6 0.2 4.3
651k-700k 17 29 4 0.3 3.5
701k-750k 9 13 2 0.2 4.2
751k-800k 9 6 1 0.1 9
801k-850k 7 8 0.2 5.3
851k-900k 12 3 0 24
901k-950k 4 4 1 0.2 6
951k-1m 7 3 0.1 14
1m-1.1m 7 6 0.1 7
1.1m-1.2m 8 2 0 24
1.2m-1.3m 1 4 0.7 1.5
1.3m-1.4m 3 4 1 0.2 4.5
1.4m-1.5m 1 0
1.5m-1.6m 1 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3.5m-4m 1 0.2 0
8.01m-9m 1 0