Absorption Report

Richland Center, Arbor


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 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
101k-125k 2 0.3 0
126k-150k 4 1 0.7 0
151k-175k 8 2 1.3 0
176k-200k 3 0.5 0
201k-225k 1 10 1.7 0.6
226k-250k 1 14 2.3 0.4
251k-275k 3 39 1 2.2 0.5
276k-300k 7 48 9 1.1 0.9
301k-325k 2 46 2 3.8 0.3
326k-350k 6 67 9 1.9 0.5
351k-375k 5 78 11 2.6 0.4
376k-400k 8 68 12 1.4 0.7
401k-425k 11 76 7 1.2 0.9
426k-450k 9 61 8 1.1 0.9
451k-475k 4 56 3 2.3 0.4
476k-500k 18 47 5 0.4 2.3
501k-550k 25 103 14 0.7 1.5
551k-600k 41 104 7 0.4 2.4
601k-650k 34 74 6 0.4 2.8
651k-700k 40 51 8 0.2 4.7
701k-750k 20 50 10 0.4 2.4
751k-800k 16 34 2 0.4 2.8
801k-850k 7 17 1 0.4 2.5
851k-900k 5 20 1 0.7 1.5
901k-950k 3 14 3 0.8 1.3
951k-1m 9 7 1 0.1 7.7
1m-1.1m 7 10 0.2 4.2
1.1m-1.2m 7 13 2 0.3 3.2
1.2m-1.3m 7 6 2 0.1 7
1.3m-1.4m 11 2 0 33
1.4m-1.5m 5 3 0.1 10
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 1 2 1 0.3 3
1.7m-1.8m 3 0
1.8m-1.9m 1 2 0.3 3
1.9m-2m 1 1 0.2 6
2m-2.25m 1 1 0.2 6
2.25m-2.5m 5 0
2.5m-2.75m 2 0
3m-3.5m 1 0
3.5m-4m 3 0

Townhouses 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
126k-150k 1 1 0.2 0
176k-200k 1 3 0.5 2
201k-225k 1 0.2 0
226k-250k 6 1 1 0
251k-275k 4 0.7 0
276k-300k 2 0.3 0
301k-325k 1 1 0.2 6
326k-350k 2 1 0.3 0
351k-375k 2 0.3 0
376k-400k 1 1 0.2 0
401k-425k 1 4 0.7 1.5
426k-450k 2 5 0.4 2.4
451k-475k 4 0.7 0
476k-500k 2 1 0.3 0
501k-550k 2 0.3 0
551k-600k 1 0
601k-650k 1 0.2 0
851k-900k 1 0.2 0
1.1m-1.2m 1 0

Condos 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
76k-100k 3 0.5 0
101k-125k 4 0.7 0
126k-150k 9 1.5 0
151k-175k 8 1 1.3 0
176k-200k 1 9 2 1.5 0.7
201k-225k 3 19 1 1.1 0.9
226k-250k 2 24 2 2 0.5
251k-275k 3 28 4 1.6 0.6
276k-300k 3 23 4 1.3 0.8
301k-325k 1 28 4.7 0.2
326k-350k 1 19 2 3.2 0.3
351k-375k 1 20 5 3.3 0.3
376k-400k 6 15 4 0.4 2.4
401k-425k 3 14 1 0.8 1.3
426k-450k 6 10 0.3 3.6
451k-475k 6 5 1 0.1 7.2
476k-500k 17 6 0.1 17
501k-550k 13 16 1 0.2 4.9
551k-600k 16 11 3 0.1 8.7
601k-650k 11 13 1 0.2 5.1
651k-700k 9 3 1 0.1 18
701k-750k 8 4 2 0.1 12
751k-800k 5 2 0.1 15
801k-850k 3 0.5 0
951k-1m 1 0.2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
2m-2.25m 1 0.2 0
3m-3.5m 1 0

Land 11% 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 2 2 0.3 0
26k-50k 1 0
51k-75k 2 1 0.1 12
76k-100k 3 5 0.3 3.6
101k-125k 9 9 1 0.2 6
126k-150k 21 12 0.1 10.5
151k-175k 49 32 3 0.1 9.2
176k-200k 31 24 3 0.1 7.8
201k-225k 12 6 1 0.1 12
226k-250k 20 18 5 0.2 6.7
251k-275k 19 7 2 0.1 16.3
276k-300k 26 5 1 0 31.2
301k-325k 8 9 0.2 5.3
326k-350k 3 4 0.2 4.5
351k-375k 2 0.3 0
376k-400k 5 0
401k-425k 2 1 0.1 12
426k-450k 1 0
476k-500k 1 1 0.2 6
501k-550k 1 1 0.2 0
551k-600k 1 0
651k-700k 1 0.2 0
701k-750k 1 0.2 0
751k-800k 1 1 0.2 6
801k-850k 1 0
951k-1m 3 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 1 0.2 6
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 0
2m-2.25m 1 0
8.01m-9m 1 0