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 11 23 3 0.3 2.9
251k-275k 12 18 3 0.3 4
276k-300k 16 27 6 0.3 3.6
301k-325k 22 42 7 0.3 3.1
326k-350k 39 99 21 0.4 2.4
351k-375k 48 115 21 0.4 2.5
376k-400k 36 155 30 0.7 1.4
401k-425k 19 142 29 1.2 0.8
426k-450k 39 116 22 0.5 2
451k-475k 18 75 12 0.7 1.4
476k-500k 30 71 15 0.4 2.5
501k-550k 47 72 9 0.3 3.9
551k-600k 27 61 3 0.4 2.7
601k-650k 20 39 3 0.3 3.1
651k-700k 23 26 1 0.2 5.3
701k-750k 21 16 1 0.1 7.9
751k-800k 9 16 0.3 3.4
801k-850k 1 10 1 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 3 0.5 0
226k-250k 19 26 3 0.2 4.4
251k-275k 2 57 12 4.8 0.2
276k-300k 11 57 10 0.9 1.2
301k-325k 24 116 15 0.8 1.2
326k-350k 22 58 5 0.4 2.3
351k-375k 17 27 6 0.3 3.8
376k-400k 11 12 3 0.2 5.5
401k-425k 5 7 4 0.2 4.3
426k-450k 5 4 1 0.1 7.5
451k-475k 7 5 1 0.1 8.4
476k-500k 4 5 1 0.2 4.8
501k-550k 4 2 0.1 12
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 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