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 31% 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 1 1 0.2 6
226k-250k 2 3 1 0.3 4
251k-275k 1 1 0.2 6
276k-300k 2 13 2 1.1 0.9
301k-325k 6 18 2 0.5 2
326k-350k 17 36 6 0.4 2.8
351k-375k 15 45 7 0.5 2
376k-400k 33 53 10 0.3 3.7
401k-425k 37 49 8 0.2 4.5
426k-450k 30 43 6 0.2 4.2
451k-475k 17 50 11 0.5 2
476k-500k 25 43 7 0.3 3.5
501k-550k 45 82 13 0.3 3.3
551k-600k 41 74 12 0.3 3.3
601k-650k 29 62 11 0.4 2.8
651k-700k 39 52 8 0.2 4.5
701k-750k 21 50 6 0.4 2.5
751k-800k 24 36 5 0.3 4
801k-850k 19 47 3 0.4 2.4
851k-900k 16 29 5 0.3 3.3
901k-950k 11 22 2 0.3 3
951k-1m 18 24 2 0.2 4.5
1m-1.1m 15 36 5 0.4 2.5
1.1m-1.2m 21 36 2 0.3 3.5
1.2m-1.3m 28 32 9 0.2 5.3
1.3m-1.4m 38 36 9 0.2 6.3
1.4m-1.5m 17 21 5 0.2 4.9
1.5m-1.6m 13 19 4 0.2 4.1
1.6m-1.7m 16 30 4 0.3 3.2
1.7m-1.8m 15 12 2 0.1 7.5
1.8m-1.9m 10 17 3 0.3 3.5
1.9m-2m 12 16 2 0.2 4.5
2m-2.25m 16 21 3 0.2 4.6
2.25m-2.5m 30 30 5 0.2 6
2.5m-2.75m 13 16 4 0.2 4.9
2.75m-3m 18 14 4 0.1 7.7
3m-3.5m 23 16 5 0.1 8.6
3.5m-4m 10 13 5 0.2 4.6
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 1 0.3 0
11.01m-12m 1 0
13.01m-14m 1 0
14.01m-15m 2 0

Townhouses 32% 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 3 0.5 0
226k-250k 1 1 0.2 6
251k-275k 3 9 1 0.5 2
276k-300k 8 13 3 0.3 3.7
301k-325k 6 8 1 0.2 4.5
326k-350k 8 9 3 0.2 5.3
351k-375k 3 6 2 0.3 3
376k-400k 7 11 1 0.3 3.8
401k-425k 3 8 0.4 2.3
426k-450k 1 7 1 1.2 0.9
451k-475k 1 2 0.3 3
476k-500k 3 6 0.3 3
501k-550k 3 4 0.2 4.5
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 2 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 2 0.3 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 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 3 11 2 0.6 1.6
201k-225k 2 18 1 1.5 0.7
226k-250k 7 18 1 0.4 2.3
251k-275k 21 24 5 0.2 5.3
276k-300k 21 22 3 0.2 5.7
301k-325k 20 17 2 0.1 7.1
326k-350k 35 24 5 0.1 8.8
351k-375k 19 9 3 0.1 12.7
376k-400k 23 22 5 0.2 6.3
401k-425k 6 12 0.3 3
426k-450k 16 7 2 0.1 13.7
451k-475k 2 12 2 1 1
476k-500k 21 17 3 0.1 7.4
501k-550k 28 30 3 0.2 5.6
551k-600k 21 23 8 0.2 5.5
601k-650k 10 21 3 0.4 2.9
651k-700k 15 20 5 0.2 4.5
701k-750k 10 15 1 0.3 4
751k-800k 6 16 3 0.4 2.3
801k-850k 8 12 0.3 4
851k-900k 9 9 1 0.2 6
901k-950k 3 7 0.4 2.6
951k-1m 3 6 0.3 3
1m-1.1m 2 6 1 0.5 2
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 12% 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 8 0.2 4.5
26k-50k 33 17 0.1 11.6
51k-75k 21 16 1 0.1 7.9
76k-100k 19 9 2 0.1 12.7
101k-125k 10 9 1 0.2 6.7
126k-150k 14 10 3 0.1 8.4
151k-175k 10 9 2 0.2 6.7
176k-200k 16 8 0.1 12
201k-225k 16 5 0.1 19.2
226k-250k 24 11 2 0.1 13.1
251k-275k 15 5 0.1 18
276k-300k 19 3 0 38
301k-325k 10 4 2 0.1 15
326k-350k 7 5 0.1 8.4
351k-375k 9 5 2 0.1 10.8
376k-400k 6 3 1 0.1 12
401k-425k 3 2 0.1 9
426k-450k 14 5 2 0.1 16.8
451k-475k 4 0
476k-500k 6 4 0.1 9
501k-550k 2 7 2 0.6 1.7
551k-600k 4 5 2 0.2 4.8
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 2 1 1 0.1 12
801k-850k 1 2 0.3 3
851k-900k 3 2 1 0.1 9
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 2 0.1 10
1.3m-1.4m 3 0
1.4m-1.5m 4 2 0.1 12
1.5m-1.6m 1 0
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 1 3 0.5 2
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