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 29% 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
76k-100k 1 0
151k-175k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 1 2 1 0.3 3
226k-250k 2 2 0.2 6
251k-275k 1 1 0.2 6
276k-300k 3 11 0.6 1.6
301k-325k 4 18 3 0.8 1.3
326k-350k 18 32 4 0.3 3.4
351k-375k 15 47 6 0.5 1.9
376k-400k 33 54 12 0.3 3.7
401k-425k 35 48 8 0.2 4.4
426k-450k 26 45 11 0.3 3.5
451k-475k 18 47 9 0.4 2.3
476k-500k 24 39 9 0.3 3.7
501k-550k 46 82 11 0.3 3.4
551k-600k 40 70 12 0.3 3.4
601k-650k 28 61 11 0.4 2.8
651k-700k 37 54 9 0.2 4.1
701k-750k 23 49 6 0.4 2.8
751k-800k 23 35 3 0.3 3.9
801k-850k 18 48 3 0.4 2.3
851k-900k 16 31 7 0.3 3.1
901k-950k 11 21 2 0.3 3.1
951k-1m 19 25 2 0.2 4.6
1m-1.1m 16 35 3 0.4 2.7
1.1m-1.2m 21 35 3 0.3 3.6
1.2m-1.3m 27 31 8 0.2 5.2
1.3m-1.4m 37 36 10 0.2 6.2
1.4m-1.5m 18 21 5 0.2 5.1
1.5m-1.6m 14 18 2 0.2 4.7
1.6m-1.7m 16 28 4 0.3 3.4
1.7m-1.8m 15 12 1 0.1 7.5
1.8m-1.9m 9 16 3 0.3 3.4
1.9m-2m 13 16 2 0.2 4.9
2m-2.25m 15 22 3 0.2 4.1
2.25m-2.5m 31 30 4 0.2 6.2
2.5m-2.75m 15 15 2 0.2 6
2.75m-3m 16 16 4 0.2 6
3m-3.5m 24 15 3 0.1 9.6
3.5m-4m 10 12 2 0.2 5
4m-4.5m 6 10 2 0.3 3.6
4.5m-5m 8 3 1 0.1 16
5.01m-6m 4 10 3 0.4 2.4
6.01m-7m 4 2 0.1 12
7.01m-8m 4 1 0 24
8.01m-9m 3 1 0.1 18
10.01m-11m 2 0.3 0
11.01m-12m 1 0
13.01m-14m 1 0
14.01m-15m 2 0

Townhouses 29% 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
176k-200k 1 0.2 0
201k-225k 2 0.3 0
226k-250k 1 1 0.2 6
251k-275k 3 9 1 0.5 2
276k-300k 8 13 2 0.3 3.7
301k-325k 6 8 1 0.2 4.5
326k-350k 8 9 3 0.2 5.3
351k-375k 2 7 3 0.6 1.7
376k-400k 7 11 1 0.3 3.8
401k-425k 3 8 0.4 2.3
426k-450k 2 6 0.5 2
451k-475k 1 1 0.2 6
476k-500k 3 7 0.4 2.6
501k-550k 3 3 0.2 6
551k-600k 1 4 0.7 1.5
601k-650k 3 3 1 0.2 6
651k-700k 9 7 2 0.1 7.7
701k-750k 3 4 1 0.2 4.5
751k-800k 1 4 0.7 1.5
801k-850k 2 1 0.3 0
851k-900k 2 0
901k-950k 1 0.2 0
1m-1.1m 2 0.3 0
1.1m-1.2m 2 1 1 0.1 12
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 3 1 0.5 2
1.5m-1.6m 1 1 1 0.2 6
1.6m-1.7m 3 0
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 1 0.2 0
5.01m-6m 1 1 0.2 0

Condos 20% 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
1k-25k 1 0.2 0
76k-100k 1 0.2 0
126k-150k 1 0.2 0
151k-175k 2 0.3 0
176k-200k 4 11 0.5 2.2
201k-225k 3 18 1 1 1
226k-250k 4 20 4 0.8 1.2
251k-275k 21 24 5 0.2 5.3
276k-300k 19 23 4 0.2 5
301k-325k 22 16 2 0.1 8.3
326k-350k 32 23 6 0.1 8.3
351k-375k 21 10 1 0.1 12.6
376k-400k 22 20 5 0.2 6.6
401k-425k 5 12 0.4 2.5
426k-450k 14 8 3 0.1 10.5
451k-475k 2 12 1 1 1
476k-500k 21 18 2 0.1 7
501k-550k 27 29 2 0.2 5.6
551k-600k 23 23 8 0.2 6
601k-650k 10 20 3 0.3 3
651k-700k 15 20 3 0.2 4.5
701k-750k 10 15 1 0.3 4
751k-800k 6 14 3 0.4 2.6
801k-850k 8 11 0.2 4.4
851k-900k 9 10 1 0.2 5.4
901k-950k 3 7 0.4 2.6
951k-1m 3 6 0.3 3
1m-1.1m 2 5 1 0.4 2.4
1.1m-1.2m 5 2 0.1 15
1.2m-1.3m 3 4 0.2 4.5
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 2 0.3 0
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 1 2 1 0.3 3
1.8m-1.9m 1 0.2 0
1.9m-2m 1 2 2 0.3 3
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 1 0.2 0
2.5m-2.75m 3 0.5 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0

Land 11% 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
1k-25k 6 9 1 0.3 4
26k-50k 32 19 1 0.1 10.1
51k-75k 21 14 1 0.1 9
76k-100k 19 9 1 0.1 12.7
101k-125k 11 8 1 0.1 8.3
126k-150k 14 9 3 0.1 9.3
151k-175k 9 10 2 0.2 5.4
176k-200k 16 7 0.1 13.7
201k-225k 15 6 1 0.1 15
226k-250k 25 10 1 0.1 15
251k-275k 13 6 1 0.1 13
276k-300k 19 3 0 38
301k-325k 10 4 1 0.1 15
326k-350k 7 5 0.1 8.4
351k-375k 9 5 2 0.1 10.8
376k-400k 7 3 0.1 14
401k-425k 3 3 0.2 6
426k-450k 13 4 1 0.1 19.5
451k-475k 4 0
476k-500k 6 4 0.1 9
501k-550k 2 7 2 0.6 1.7
551k-600k 5 4 2 0.1 7.5
601k-650k 7 4 2 0.1 10.5
651k-700k 4 2 1 0.1 12
701k-750k 2 1 0.1 12
751k-800k 3 0
801k-850k 1 2 0.3 3
851k-900k 3 3 2 0.2 6
901k-950k 1 1 0.2 6
951k-1m 3 1 1 0.1 18
1m-1.1m 2 0
1.1m-1.2m 3 0.5 0
1.2m-1.3m 5 3 1 0.1 10
1.3m-1.4m 3 0
1.4m-1.5m 4 1 0 24
1.5m-1.6m 1 0
1.6m-1.7m 3 0
1.7m-1.8m 4 1 0.7 0
2m-2.25m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 1 0.2 6
3m-3.5m 2 1 0.1 12
3.5m-4m 1 0
4m-4.5m 1 0.2 0
5.01m-6m 3 0
13.01m-14m 1 0