Absorption Report

Litchfield Elementary District School District, House

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 17% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
301k-325k 1 1 0.2 6
326k-350k 2 5 1 0.4 2.4
351k-375k 8 16 2 0.3 3
376k-400k 18 50 13 0.5 2.2
401k-425k 17 67 12 0.7 1.5
426k-450k 36 89 9 0.4 2.4
451k-475k 30 54 12 0.3 3.3
476k-500k 49 73 14 0.2 4
501k-550k 63 111 13 0.3 3.4
551k-600k 57 67 15 0.2 5.1
601k-650k 42 45 5 0.2 5.6
651k-700k 40 50 8 0.2 4.8
701k-750k 27 36 7 0.2 4.5
751k-800k 20 29 9 0.2 4.1
801k-850k 20 22 4 0.2 5.5
851k-900k 18 23 4 0.2 4.7
901k-950k 7 12 1 0.3 3.5
951k-1m 10 6 4 0.1 10
1m-1.1m 15 7 0.1 12.9
1.1m-1.2m 9 11 3 0.2 4.9
1.2m-1.3m 10 4 1 0.1 15
1.3m-1.4m 5 5 1 0.2 6
1.4m-1.5m 6 6 1 0.2 6
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 1 0
1.7m-1.8m 2 3 1 0.3 4
1.8m-1.9m 4 1 0 24
1.9m-2m 2 0
2m-2.25m 4 0
2.25m-2.5m 3 0
2.5m-2.75m 1 1 0.2 6
4m-4.5m 2 0
5.01m-6m 1 1 0.2 0