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
76k-100k 1 0
101k-125k 1 2 0.3 3
126k-150k 2 5 0.4 2.4
151k-175k 3 4 0.2 4.5
176k-200k 5 15 2 0.5 2
201k-225k 10 14 3 0.2 4.3
226k-250k 14 31 3 0.4 2.7
251k-275k 14 26 0.3 3.2
276k-300k 25 44 5 0.3 3.4
301k-325k 35 69 8 0.3 3
326k-350k 64 83 17 0.2 4.6
351k-375k 59 100 10 0.3 3.5
376k-400k 71 88 10 0.2 4.8
401k-425k 59 62 12 0.2 5.7
426k-450k 55 84 14 0.3 3.9
451k-475k 32 42 4 0.2 4.6
476k-500k 56 61 13 0.2 5.5
501k-550k 50 64 13 0.2 4.7
551k-600k 43 47 7 0.2 5.5
601k-650k 27 39 9 0.2 4.2
651k-700k 23 30 5 0.2 4.6
701k-750k 13 12 0.2 6.5
751k-800k 9 5 0.1 10.8
801k-850k 11 5 0.1 13.2
851k-900k 10 3 0.1 20
901k-950k 6 4 0.1 9
951k-1m 7 2 0 21
1m-1.1m 6 5 0.1 7.2
1.1m-1.2m 6 1 0 36
1.2m-1.3m 2 2 0.2 6
1.3m-1.4m 4 3 0.1 8
1.4m-1.5m 1 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 2 1 1 0.1 12
1.8m-1.9m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3.5m-4m 1 0.2 0
7.01m-8m 1 0
8.01m-9m 1 0