Absorption Report

Beaufort County

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 30% 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 1 0
176k-200k 3 1 0.5 0
201k-225k 1 0.2 0
226k-250k 3 4 1 0.2 4.5
251k-275k 2 1 0.1 12
276k-300k 4 12 2 0.5 2
301k-325k 5 16 0.5 1.9
326k-350k 16 36 7 0.4 2.7
351k-375k 16 48 10 0.5 2
376k-400k 37 61 14 0.3 3.6
401k-425k 34 44 8 0.2 4.6
426k-450k 33 55 11 0.3 3.6
451k-475k 31 48 6 0.3 3.9
476k-500k 22 53 10 0.4 2.5
501k-550k 53 87 17 0.3 3.7
551k-600k 43 79 14 0.3 3.3
601k-650k 41 64 6 0.3 3.8
651k-700k 36 59 15 0.3 3.7
701k-750k 23 51 10 0.4 2.7
751k-800k 23 40 9 0.3 3.5
801k-850k 11 55 6 0.8 1.2
851k-900k 22 34 6 0.3 3.9
901k-950k 9 25 2 0.5 2.2
951k-1m 16 29 4 0.3 3.3
1m-1.1m 25 40 5 0.3 3.8
1.1m-1.2m 19 41 6 0.4 2.8
1.2m-1.3m 24 30 5 0.2 4.8
1.3m-1.4m 32 34 6 0.2 5.6
1.4m-1.5m 27 26 4 0.2 6.2
1.5m-1.6m 18 18 5 0.2 6
1.6m-1.7m 12 33 7 0.5 2.2
1.7m-1.8m 14 10 0.1 8.4
1.8m-1.9m 9 18 4 0.3 3
1.9m-2m 13 17 2 0.2 4.6
2m-2.25m 11 18 1 0.3 3.7
2.25m-2.5m 30 29 2 0.2 6.2
2.5m-2.75m 14 11 1 0.1 7.6
2.75m-3m 16 18 1 0.2 5.3
3m-3.5m 15 16 4 0.2 5.6
3.5m-4m 13 9 3 0.1 8.7
4m-4.5m 10 9 0.2 6.7
4.5m-5m 10 5 0.1 12
5.01m-6m 8 8 1 0.2 6
6.01m-7m 2 2 0.2 6
7.01m-8m 4 1 1 0 24
8.01m-9m 1 1 0.2 6
10.01m-11m 1 1 0.2 6
11.01m-12m 1 0
13.01m-14m 1 0
14.01m-15m 2 0

Townhouses 24% 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
176k-200k 1 0.2 0
201k-225k 4 0.7 0
226k-250k 2 0.3 0
251k-275k 3 10 0.6 1.8
276k-300k 8 16 0.3 3
301k-325k 7 7 1 0.2 6
326k-350k 8 8 0.2 6
351k-375k 5 4 1 0.1 7.5
376k-400k 5 11 2 0.4 2.7
401k-425k 3 8 1 0.4 2.3
426k-450k 4 7 0.3 3.4
451k-475k 2 3 0.3 4
476k-500k 3 6 1 0.3 3
501k-550k 3 6 2 0.3 3
551k-600k 1 3 1 0.5 2
601k-650k 4 4 1 0.2 6
651k-700k 7 6 0.1 7
701k-750k 5 2 1 0.1 15
751k-800k 6 1 1 0
851k-900k 2 1 1 0.1 12
901k-950k 2 0.3 0
1m-1.1m 2 1 0.3 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 3 1 0.3 4
1.5m-1.6m 2 0
1.6m-1.7m 3 1 0.1 18
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 2 0.3 0
2.25m-2.5m 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 1 1 0.2 0
76k-100k 1 1 0.2 0
126k-150k 1 0.2 0
151k-175k 2 0.3 0
176k-200k 3 11 1 0.6 1.6
201k-225k 4 21 3 0.9 1.1
226k-250k 8 22 4 0.5 2.2
251k-275k 20 24 6 0.2 5
276k-300k 28 24 4 0.1 7
301k-325k 20 17 0.1 7.1
326k-350k 31 32 5 0.2 5.8
351k-375k 26 9 0.1 17.3
376k-400k 24 23 4 0.2 6.3
401k-425k 8 12 0.3 4
426k-450k 14 10 3 0.1 8.4
451k-475k 5 7 1 0.2 4.3
476k-500k 17 21 3 0.2 4.9
501k-550k 25 32 6 0.2 4.7
551k-600k 31 16 3 0.1 11.6
601k-650k 11 20 2 0.3 3.3
651k-700k 18 20 4 0.2 5.4
701k-750k 7 19 3 0.5 2.2
751k-800k 9 18 3 0.3 3
801k-850k 6 15 4 0.4 2.4
851k-900k 8 9 2 0.2 5.3
901k-950k 4 9 5 0.4 2.7
951k-1m 2 6 0.5 2
1m-1.1m 3 7 2 0.4 2.6
1.1m-1.2m 5 2 0.1 15
1.2m-1.3m 1 6 1 1
1.3m-1.4m 1 1 1 0.2 6
1.4m-1.5m 2 0.3 0
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 3 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 3 0
2m-2.25m 1 0
2.25m-2.5m 1 3 1 0.5 2
2.5m-2.75m 2 0.3 0
2.75m-3m 1 0
3m-3.5m 1 1 1 0.2 6
3.5m-4m 1 1 0.2 0

Land 12% 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 6 8 0.2 4.5
26k-50k 32 19 0.1 10.1
51k-75k 16 20 4 0.2 4.8
76k-100k 22 9 0.1 14.7
101k-125k 10 9 1 0.2 6.7
126k-150k 11 7 0.1 9.4
151k-175k 11 5 0.1 13.2
176k-200k 18 11 2 0.1 9.8
201k-225k 17 7 0.1 14.6
226k-250k 28 14 2 0.1 12
251k-275k 9 9 1 0.2 6
276k-300k 14 4 2 0 21
301k-325k 10 2 1 0 30
326k-350k 10 5 0.1 12
351k-375k 11 3 0 22
376k-400k 8 3 0.1 16
401k-425k 1 1 0.2 6
426k-450k 13 6 2 0.1 13
451k-475k 6 1 0 36
476k-500k 7 5 2 0.1 8.4
501k-550k 3 5 1 0.3 3.6
551k-600k 5 5 0.2 6
601k-650k 10 2 0 30
651k-700k 5 1 0 30
701k-750k 2 1 1 0.1 12
751k-800k 2 0
801k-850k 2 2 1 0.2 6
851k-900k 3 2 1 0.1 9
901k-950k 1 3 0.5 2
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 3 1 0.5 2
1.2m-1.3m 4 1 0 24
1.3m-1.4m 2 0
1.4m-1.5m 5 1 0 30
1.5m-1.6m 1 2 1 0.3 3
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 2 4 1 0.3 3
2m-2.25m 2 0
2.25m-2.5m 2 1 0.1 12
3m-3.5m 2 1 0.1 12
4m-4.5m 1 0.2 0
5.01m-6m 3 0
13.01m-14m 1 0