Absorption Report

Mount Pleasant, Pheasant Run


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 32% 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 25 2 0.6 1.7
26k-50k 8 55 2 1.1 0.9
51k-75k 14 78 5 0.9 1.1
76k-100k 18 95 12 0.9 1.1
101k-125k 51 92 10 0.3 3.3
126k-150k 23 88 4 0.6 1.6
151k-175k 24 138 8 1 1
176k-200k 22 157 10 1.2 0.8
201k-225k 19 146 10 1.3 0.8
226k-250k 23 144 10 1 1
251k-275k 12 123 4 1.7 0.6
276k-300k 14 97 11 1.2 0.9
301k-325k 8 56 3 1.2 0.9
326k-350k 13 57 3 0.7 1.4
351k-375k 10 27 1 0.5 2.2
376k-400k 5 14 3 0.5 2.1
401k-425k 2 23 1 1.9 0.5
426k-450k 4 6 1 0.3 4
451k-475k 2 9 1 0.8 1.3
476k-500k 2 8 0.7 1.5
501k-550k 1 10 1 1.7 0.6
551k-600k 3 5 1 0.3 3.6
601k-650k 2 4 2 0.3 3
651k-700k 3 1 0.5 0
701k-750k 1 1 0.2 0
801k-850k 1 2 1 0.3 3
901k-950k 3 0.5 0
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 6
1.5m-1.6m 1 0.2 0
1.9m-2m 2 0.3 0

Townhouses 27% 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 1 0.2 0
51k-75k 2 3 0.3 4
76k-100k 2 4 1 0.3 3
101k-125k 3 0.5 0
126k-150k 3 3 0.2 6
151k-175k 3 2 0.1 9
176k-200k 2 4 0.3 3
201k-225k 6 1 1 0
226k-250k 2 5 0.4 2.4
251k-275k 1 2 0.3 3
301k-325k 5 0.8 0
326k-350k 4 0.7 0
351k-375k 1 0.2 0
376k-400k 1 2 0.3 3
401k-425k 2 1 0.1 12
476k-500k 1 0.2 0
501k-550k 1 0.2 0
551k-600k 1 0.2 0
651k-700k 1 0
1.7m-1.8m 1 0.2 0

Condos 22% 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 5 0.8 0
51k-75k 3 18 1 1 1
76k-100k 9 27 3 0.5 2
101k-125k 2 25 1 2.1 0.5
126k-150k 5 20 1 0.7 1.5
151k-175k 1 15 1 2.5 0.4
176k-200k 4 13 1 0.5 1.8
201k-225k 4 13 0.5 1.8
226k-250k 2 18 1.5 0.7
251k-275k 1 25 3 4.2 0.2
276k-300k 5 14 0.5 2.1
301k-325k 1 12 2 0.5
326k-350k 16 1 2.7 0
351k-375k 7 1 1.2 0
376k-400k 1 9 1 1.5 0.7
401k-425k 4 6 0.3 4
426k-450k 3 6 0.3 3
451k-475k 1 2 0.3 3
476k-500k 3 0.5 0
501k-550k 2 6 0.5 2
551k-600k 4 0.7 0
601k-650k 4 0.7 0
651k-700k 2 1 0.1 12
701k-750k 2 0.3 0
751k-800k 4 0
801k-850k 1 0
851k-900k 2 0.3 0
901k-950k 2 0.3 0
951k-1m 1 1 1 0.2 6
1m-1.1m 1 2 0.3 3
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 1 4 0.7 1.5
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 1 0

Land 2% 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 15 5 0.1 18
26k-50k 12 1 0 72
51k-75k 2 1 0.1 12
76k-100k 1 0
126k-150k 2 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