Absorption Report

Albion, Drangstveit


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 36% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 7 24 4 0.6 1.8
26k-50k 7 59 10 1.4 0.7
51k-75k 9 91 12 1.7 0.6
76k-100k 20 104 10 0.9 1.2
101k-125k 55 107 6 0.3 3.1
126k-150k 21 101 6 0.8 1.2
151k-175k 21 136 16 1.1 0.9
176k-200k 25 156 19 1 1
201k-225k 18 152 13 1.4 0.7
226k-250k 23 138 9 1 1
251k-275k 12 114 11 1.6 0.6
276k-300k 19 82 10 0.7 1.4
301k-325k 5 46 4 1.5 0.7
326k-350k 7 46 5 1.1 0.9
351k-375k 7 19 4 0.5 2.2
376k-400k 7 8 1 0.2 5.3
401k-425k 2 18 1 1.5 0.7
426k-450k 2 5 1 0.4 2.4
451k-475k 1 7 1.2 0.9
476k-500k 3 7 0.4 2.6
501k-550k 1 7 1 1.2 0.9
551k-600k 4 3 0.1 8
601k-650k 2 3 1 0.3 4
651k-700k 1 2 1 0.3 3
801k-850k 1 1 0.2 6
851k-900k 1 0
901k-950k 2 0.3 0
1.2m-1.3m 2 0
1.5m-1.6m 1 0.2 0
1.9m-2m 1 0.2 0

Townhouses 37% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
26k-50k 3 0.5 0
51k-75k 3 0.5 0
76k-100k 2 4 0.3 3
101k-125k 3 0.5 0
126k-150k 4 1 0.7 0
151k-175k 2 0.3 0
176k-200k 1 5 1 0.8 1.2
201k-225k 1 4 0.7 1.5
226k-250k 3 3 1 0.2 6
251k-275k 2 1 0.3 0
276k-300k 1 1 0.2 0
301k-325k 4 1 0.7 0
326k-350k 1 3 0.5 2
376k-400k 1 2 0.3 3
401k-425k 1 1 1 0.2 6
476k-500k 2 0.3 0
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 1 0.2 0
701k-750k 1 0
1.7m-1.8m 1 0.2 0

Condos 26% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
26k-50k 6 1 1 0
51k-75k 2 19 3 1.6 0.6
76k-100k 7 23 4 0.5 1.8
101k-125k 2 24 1 2 0.5
126k-150k 2 20 1 1.7 0.6
151k-175k 4 15 1 0.6 1.6
176k-200k 3 11 1 0.6 1.6
201k-225k 3 14 2 0.8 1.3
226k-250k 1 16 3 2.7 0.4
251k-275k 1 25 2 4.2 0.2
276k-300k 4 15 1 0.6 1.6
301k-325k 2 10 0.8 1.2
326k-350k 2 17 1.4 0.7
351k-375k 9 1 1.5 0
376k-400k 1 7 4 1.2 0.9
401k-425k 2 5 1 0.4 2.4
426k-450k 3 5 0.3 3.6
451k-475k 1 2 0.3 3
476k-500k 3 0.5 0
501k-550k 1 4 0.7 1.5
551k-600k 1 3 0.5 2
601k-650k 1 4 0.7 1.5
651k-700k 1 1 0.2 6
701k-750k 2 2 0.2 6
751k-800k 2 0
851k-900k 1 0.2 0
901k-950k 2 0.3 0
951k-1m 1 0
1m-1.1m 1 2 0.3 3
1.1m-1.2m 1 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 2 1 1 0.1 12
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 2 0
2.25m-2.5m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 1 0

Land 5% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 14 5 1 0.1 16.8
26k-50k 7 2 0 21
51k-75k 3 2 0.1 9
76k-100k 3 0
126k-150k 2 1 1 0.1 12
176k-200k 2 0
301k-325k 1 0
326k-350k 1 0
751k-800k 1 0
1.3m-1.4m 1 0
1.4m-1.5m 3 0
2.25m-2.5m 1 0
4m-4.5m 1 0