Absorption Report

Pasco School District, 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 2 0.3 0
151k-175k 2 1 0.3 0
176k-200k 4 7 0.3 3.4
201k-225k 8 22 5 0.5 2.2
226k-250k 10 23 3 0.4 2.6
251k-275k 12 18 4 0.3 4
276k-300k 16 27 6 0.3 3.6
301k-325k 16 44 8 0.5 2.2
326k-350k 39 101 22 0.4 2.3
351k-375k 42 116 23 0.5 2.2
376k-400k 39 158 35 0.7 1.5
401k-425k 23 148 28 1.1 0.9
426k-450k 39 119 24 0.5 2
451k-475k 20 82 11 0.7 1.5
476k-500k 29 73 16 0.4 2.4
501k-550k 48 72 9 0.3 4
551k-600k 28 62 5 0.4 2.7
601k-650k 20 40 3 0.3 3
651k-700k 23 28 1 0.2 4.9
701k-750k 22 16 0.1 8.3
751k-800k 9 16 1 0.3 3.4
801k-850k 1 10 1 1.7 0.6
851k-900k 6 9 1 0.3 4
901k-950k 4 0.7 0
951k-1m 2 4 0.3 3
1m-1.1m 3 3 0.2 6
1.1m-1.2m 1 3 0.5 2
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0
1.8m-1.9m 1 0.2 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 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
151k-175k 2 1 0.3 0
176k-200k 1 1 0.2 0
201k-225k 3 0.5 0
226k-250k 19 26 3 0.2 4.4
251k-275k 3 57 12 3.2 0.3
276k-300k 11 61 10 0.9 1.1
301k-325k 23 119 17 0.9 1.2
326k-350k 22 65 5 0.5 2
351k-375k 16 27 6 0.3 3.6
376k-400k 12 12 2 0.2 6
401k-425k 5 5 2 0.2 6
426k-450k 6 4 1 0.1 9
451k-475k 7 5 1 0.1 8.4
476k-500k 5 5 2 0.2 6
501k-550k 3 2 0.1 9
551k-600k 1 0

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 2 1 0.2 6
101k-125k 2 3 1 0.3 4
126k-150k 3 2 0.1 9
151k-175k 3 3 0.2 6
176k-200k 6 2 0.1 18
201k-225k 2 1 0.1 12
226k-250k 1 0
251k-275k 2 1 0.1 12
301k-325k 1 1 0.2 6
326k-350k 2 0
351k-375k 2 0
376k-400k 1 0
426k-450k 1 0