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 3 7 1 0.4 2.6
201k-225k 8 20 5 0.4 2.4
226k-250k 11 23 4 0.3 2.9
251k-275k 14 18 4 0.2 4.7
276k-300k 16 27 8 0.3 3.6
301k-325k 24 43 7 0.3 3.3
326k-350k 36 101 22 0.5 2.1
351k-375k 43 114 18 0.4 2.3
376k-400k 35 155 26 0.7 1.4
401k-425k 23 140 22 1 1
426k-450k 42 116 18 0.5 2.2
451k-475k 17 74 12 0.7 1.4
476k-500k 32 70 12 0.4 2.7
501k-550k 49 71 7 0.2 4.1
551k-600k 26 62 4 0.4 2.5
601k-650k 21 40 4 0.3 3.2
651k-700k 22 27 2 0.2 4.9
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 18 26 3 0.2 4.2
251k-275k 1 61 15 10.2 0.1
276k-300k 10 58 10 1 1
301k-325k 23 115 14 0.8 1.2
326k-350k 22 55 3 0.4 2.4
351k-375k 15 25 6 0.3 3.6
376k-400k 10 12 3 0.2 5
401k-425k 6 7 4 0.2 5.1
426k-450k 3 5 1 0.3 3.6
451k-475k 7 4 0.1 10.5
476k-500k 3 6 2 0.3 3
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 2 3 0.3 4
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