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 2 0.3 0
126k-150k 1 1 0.2 6
151k-175k 2 0.3 0
176k-200k 1 7 1.2 0.9
201k-225k 7 20 3 0.5 2.1
226k-250k 17 16 0.2 6.4
251k-275k 15 16 2 0.2 5.6
276k-300k 13 24 3 0.3 3.3
301k-325k 28 55 11 0.3 3.1
326k-350k 32 101 20 0.5 1.9
351k-375k 46 105 15 0.4 2.6
376k-400k 33 148 21 0.7 1.3
401k-425k 32 131 10 0.7 1.5
426k-450k 39 109 7 0.5 2.1
451k-475k 22 56 4 0.4 2.4
476k-500k 33 62 12 0.3 3.2
501k-550k 39 54 4 0.2 4.3
551k-600k 26 45 4 0.3 3.5
601k-650k 19 38 4 0.3 3
651k-700k 18 25 4 0.2 4.3
701k-750k 14 15 3 0.2 5.6
751k-800k 9 12 1 0.2 4.5
801k-850k 6 10 2 0.3 3.6
851k-900k 5 5 0.2 6
901k-950k 4 6 2 0.3 4
951k-1m 3 3 0.2 6
1m-1.1m 3 3 1 0.2 6
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 1 0.2 6
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
126k-150k 1 0
151k-175k 2 0.3 0
176k-200k 1 0.2 0
201k-225k 2 3 1 0.3 4
226k-250k 16 34 10 0.4 2.8
251k-275k 2 55 10 4.6 0.2
276k-300k 11 55 7 0.8 1.2
301k-325k 22 84 10 0.6 1.6
326k-350k 22 40 4 0.3 3.3
351k-375k 9 27 5 0.5 2
376k-400k 10 8 0.1 7.5
401k-425k 7 5 0.1 8.4
426k-450k 6 4 1 0.1 9
451k-475k 4 1 0 24
476k-500k 2 4 1 0.3 3
501k-550k 4 3 1 0.1 8
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 1 0.2 6
76k-100k 1 2 0.3 3
101k-125k 2 2 0.2 6
126k-150k 3 1 0.1 18
151k-175k 2 0
176k-200k 5 1 0 30
201k-225k 4 1 0 24
251k-275k 2 1 0.1 12
301k-325k 1 1 0.2 6
326k-350k 1 0
351k-375k 2 0
376k-400k 1 0
426k-450k 2 0
451k-475k 1 0