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 1 0.3 0
126k-150k 1 1 0.2 6
151k-175k 1 2 0.3 3
176k-200k 3 9 3 0.5 2
201k-225k 9 21 3 0.4 2.6
226k-250k 15 17 2 0.2 5.3
251k-275k 14 16 2 0.2 5.3
276k-300k 13 26 5 0.3 3
301k-325k 26 48 13 0.3 3.3
326k-350k 36 101 15 0.5 2.1
351k-375k 41 104 17 0.4 2.4
376k-400k 33 150 18 0.8 1.3
401k-425k 33 139 14 0.7 1.4
426k-450k 43 113 12 0.4 2.3
451k-475k 16 63 7 0.7 1.5
476k-500k 37 62 7 0.3 3.6
501k-550k 45 60 7 0.2 4.5
551k-600k 27 52 5 0.3 3.1
601k-650k 20 41 8 0.3 2.9
651k-700k 18 25 3 0.2 4.3
701k-750k 18 16 5 0.1 6.8
751k-800k 9 13 2 0.2 4.2
801k-850k 5 11 3 0.4 2.7
851k-900k 4 9 1 0.4 2.7
901k-950k 4 5 1 0.2 4.8
951k-1m 3 4 0.2 4.5
1m-1.1m 3 3 0.2 6
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 3 2 0.1 9
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 1 2 0.3 3
226k-250k 19 30 10 0.3 3.8
251k-275k 2 52 10 4.3 0.2
276k-300k 16 56 11 0.6 1.7
301k-325k 18 101 9 0.9 1.1
326k-350k 20 46 4 0.4 2.6
351k-375k 11 26 3 0.4 2.5
376k-400k 11 8 1 0.1 8.3
401k-425k 6 5 1 0.1 7.2
426k-450k 6 3 2 0.1 12
451k-475k 6 2 0.1 18
476k-500k 4 4 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 1 2 0.3 3
101k-125k 2 2 0.2 6
126k-150k 3 2 0.1 9
151k-175k 1 1 0.2 6
176k-200k 5 2 0.1 15
201k-225k 3 1 0.1 18
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