Absorption Report: Beaufort County | Homes by Marco

Absorption Report


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 3 2 0.5 0
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 2 0.3 3.4
351k-375k 15 47 6 0.5 1.9
376k-400k 33 54 10 0.3 3.7
401k-425k 37 47 5 0.2 4.7
426k-450k 26 43 9 0.3 3.6
451k-475k 18 47 9 0.4 2.3
476k-500k 24 40 9 0.3 3.6
501k-550k 45 83 11 0.3 3.3
551k-600k 39 66 14 0.3 3.5
601k-650k 28 60 10 0.4 2.8
651k-700k 36 54 8 0.3 4
701k-750k 23 48 5 0.3 2.9
751k-800k 23 33 3 0.2 4.2
801k-850k 18 48 2 0.4 2.3
851k-900k 16 31 6 0.3 3.1
901k-950k 11 21 2 0.3 3.1
951k-1m 20 24 2 0.2 5
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 7 0.2 5.2
1.3m-1.4m 34 37 11 0.2 5.5
1.4m-1.5m 18 21 5 0.2 5.1
1.5m-1.6m 14 17 2 0.2 4.9
1.6m-1.7m 16 28 3 0.3 3.4
1.7m-1.8m 14 13 1 0.2 6.5
1.8m-1.9m 9 15 3 0.3 3.6
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 29 4 0.2 6.4
2.5m-2.75m 15 15 2 0.2 6
2.75m-3m 16 16 4 0.2 6
3m-3.5m 24 15 2 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 28% 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 9 13 2 0.2 4.2
301k-325k 6 8 1 0.2 4.5
326k-350k 8 9 3 0.2 5.3
351k-375k 2 7 1 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 4 7 0.3 3.4
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 1 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 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 22% 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 17 1 0.9 1.1
226k-250k 4 20 4 0.8 1.2
251k-275k 21 23 4 0.2 5.5
276k-300k 19 22 4 0.2 5.2
301k-325k 21 16 1 0.1 7.9
326k-350k 31 24 6 0.1 7.8
351k-375k 21 10 1 0.1 12.6
376k-400k 22 20 4 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 28 1 0.2 5.8
551k-600k 23 23 6 0.2 6
601k-650k 9 21 2 0.4 2.6
651k-700k 15 20 3 0.2 4.5
701k-750k 10 14 1 0.2 4.3
751k-800k 6 14 2 0.4 2.6
801k-850k 8 11 0.2 4.4
851k-900k 8 11 1 0.2 4.4
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 4 2 1 0.1 12
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 0.1 8.3
126k-150k 14 9 2 0.1 9.3
151k-175k 9 10 2 0.2 5.4
176k-200k 16 6 0.1 16
201k-225k 16 6 1 0.1 16
226k-250k 25 8 1 0.1 18.8
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 1 0.6 1.7
551k-600k 5 4 2 0.1 7.5
601k-650k 7 4 1 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