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 1 2 0.3 3
151k-175k 2 1 0.3 0
176k-200k 4 7 1 0.3 3.4
201k-225k 8 20 5 0.4 2.4
226k-250k 11 23 4 0.3 2.9
251k-275k 13 18 4 0.2 4.3
276k-300k 16 27 7 0.3 3.6
301k-325k 22 42 8 0.3 3.1
326k-350k 37 100 22 0.5 2.2
351k-375k 45 114 22 0.4 2.4
376k-400k 34 155 31 0.8 1.3
401k-425k 20 139 27 1.2 0.9
426k-450k 38 115 21 0.5 2
451k-475k 17 74 13 0.7 1.4
476k-500k 31 70 15 0.4 2.7
501k-550k 47 71 8 0.3 4
551k-600k 24 61 3 0.4 2.4
601k-650k 21 39 4 0.3 3.2
651k-700k 22 26 1 0.2 5.1
701k-750k 21 16 1 0.1 7.9
751k-800k 9 17 1 0.3 3.2
801k-850k 1 10 1.7 0.6
851k-900k 6 9 1 0.3 4
901k-950k 1 4 0.7 1.5
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 0.3 0
176k-200k 1 1 0.2 0
201k-225k 1 2 0.3 3
226k-250k 19 26 3 0.2 4.4
251k-275k 2 57 12 4.8 0.2
276k-300k 9 56 11 1 1
301k-325k 23 114 14 0.8 1.2
326k-350k 20 54 2 0.5 2.2
351k-375k 17 25 6 0.2 4.1
376k-400k 9 12 3 0.2 4.5
401k-425k 7 7 4 0.2 6
426k-450k 5 4 0.1 7.5
451k-475k 7 4 1 0.1 10.5
476k-500k 3 5 1 0.3 3.6
501k-550k 5 2 0.1 15
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 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 3 1 0.1 18
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