Absorption Report

Mesa, Keller 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 19% 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
51k-75k 1 0
126k-150k 1 1 0.2 0
151k-175k 1 2 0.3 3
176k-200k 1 6 2 1 1
201k-225k 4 10 0.4 2.4
226k-250k 11 18 3 0.3 3.7
251k-275k 18 44 8 0.4 2.5
276k-300k 25 95 13 0.6 1.6
301k-325k 49 108 9 0.4 2.7
326k-350k 46 129 15 0.5 2.1
351k-375k 42 91 11 0.4 2.8
376k-400k 39 57 13 0.2 4.1
401k-425k 18 22 5 0.2 4.9
426k-450k 23 18 8 0.1 7.7
451k-475k 6 5 1 0.1 7.2
476k-500k 6 4 1 0.1 9
501k-550k 12 5 0.1 14.4
551k-600k 4 10 3 0.4 2.4
601k-650k 2 5 0.4 2.4
651k-700k 3 2 1 0.1 9
701k-750k 3 4 1 0.2 4.5
751k-800k 3 1 0.1 18
801k-850k 1 0.2 0
851k-900k 1 0
901k-950k 4 4 0.2 6
951k-1m 2 1 0.1 12
1m-1.1m 1 1 0.2 6
1.3m-1.4m 1 1 0.2 0

Townhouses 0% 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 0.2 0
151k-175k 1 0.2 0
176k-200k 5 6 0.2 5
201k-225k 1 3 0.5 2
226k-250k 2 0.3 0
251k-275k 6 1 0 36
276k-300k 8 2 0 24
326k-350k 1 0

Condos 100% 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
201k-225k 1 1 0.2 0

Land 4% 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 34 16 2 0.1 12.8
26k-50k 26 13 2 0.1 12
51k-75k 34 17 1 0.1 12
76k-100k 22 14 3 0.1 9.4
101k-125k 10 2 0 30
126k-150k 19 8 1 0.1 14.3
151k-175k 7 2 1 0 21
176k-200k 8 2 2 0 24
201k-225k 6 2 1 0.1 18
226k-250k 3 2 0.1 9
251k-275k 1 1 0.2 0
276k-300k 8 1 0 48
326k-350k 2 1 0.1 12
376k-400k 4 0
401k-425k 1 0
451k-475k 2 1 1 0.1 12
476k-500k 8 0
501k-550k 1 0.2 0
551k-600k 3 1 0.1 18
601k-650k 1 0
651k-700k 2 0
701k-750k 3 1 0.1 18
751k-800k 4 0
801k-850k 1 0
851k-900k 3 0
951k-1m 4 0
1m-1.1m 3 0
1.1m-1.2m 3 0
1.2m-1.3m 2 0
1.4m-1.5m 2 0
1.8m-1.9m 2 0
1.9m-2m 1 0
2m-2.25m 2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 3 0
3.5m-4m 2 0
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 1 0
9.01m-10m 1 0
10.01m-11m 1 0
18.01m-19m 1 0
60.01m-61m 1 0