Absorption Report

Janesville, New Construction, Kennedy Elementary School


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 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
1k-25k 8 24 4 0.5 2
26k-50k 6 60 10 1.7 0.6
51k-75k 9 92 12 1.7 0.6
76k-100k 19 106 10 0.9 1.1
101k-125k 55 107 6 0.3 3.1
126k-150k 21 106 8 0.8 1.2
151k-175k 22 151 18 1.1 0.9
176k-200k 26 196 23 1.3 0.8
201k-225k 21 197 18 1.6 0.6
226k-250k 27 231 18 1.4 0.7
251k-275k 22 226 19 1.7 0.6
276k-300k 23 161 21 1.2 0.9
301k-325k 14 134 18 1.6 0.6
326k-350k 22 134 12 1 1
351k-375k 15 90 12 1 1
376k-400k 15 79 7 0.9 1.1
401k-425k 11 73 7 1.1 0.9
426k-450k 9 48 7 0.9 1.1
451k-475k 7 46 1 1.1 0.9
476k-500k 6 31 0.9 1.2
501k-550k 9 67 10 1.2 0.8
551k-600k 20 44 5 0.4 2.7
601k-650k 11 30 3 0.5 2.2
651k-700k 7 20 3 0.5 2.1
701k-750k 2 12 1 1 1
751k-800k 2 9 1 0.8 1.3
801k-850k 7 14 0.3 3
851k-900k 1 6 1 1 1
901k-950k 4 0.7 0
951k-1m 3 8 2 0.4 2.3
1m-1.1m 1 2 0.3 3
1.1m-1.2m 1 7 1 1.2 0.9
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 2 0
1.4m-1.5m 1 4 1 0.7 1.5
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 1 0.3 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 2 0.3 0
2.75m-3m 1 0.2 0
3m-3.5m 2 0