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 2 13 1 1.1 0.9
301k-325k 6 18 2 0.5 2
326k-350k 18 33 4 0.3 3.3
351k-375k 15 49 8 0.5 1.8
376k-400k 33 52 10 0.3 3.8
401k-425k 37 49 8 0.2 4.5
426k-450k 30 44 7 0.2 4.1
451k-475k 17 49 10 0.5 2.1
476k-500k 25 42 7 0.3 3.6
501k-550k 45 83 12 0.3 3.3
551k-600k 41 73 10 0.3 3.4
601k-650k 30 62 11 0.3 2.9
651k-700k 40 51 8 0.2 4.7
701k-750k 21 50 7 0.4 2.5
751k-800k 24 34 2 0.2 4.2
801k-850k 19 48 3 0.4 2.4
851k-900k 17 30 6 0.3 3.4
901k-950k 11 23 3 0.3 2.9
951k-1m 17 24 2 0.2 4.3
1m-1.1m 16 36 5 0.4 2.7
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 37 37 10 0.2 6
1.4m-1.5m 17 21 5 0.2 4.9
1.5m-1.6m 13 19 3 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 13 16 2 0.2 4.9
2m-2.25m 16 21 3 0.2 4.6
2.25m-2.5m 30 30 4 0.2 6
2.5m-2.75m 13 16 3 0.2 4.9
2.75m-3m 18 14 4 0.1 7.7
3m-3.5m 23 16 4 0.1 8.6
3.5m-4m 10 12 5 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 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
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 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 8 7 2 0.1 6.9
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 21% 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 19 1 1.6 0.6
226k-250k 6 18 2 0.5 2
251k-275k 21 24 5 0.2 5.3
276k-300k 20 22 3 0.2 5.5
301k-325k 23 16 2 0.1 8.6
326k-350k 33 25 6 0.1 7.9
351k-375k 20 9 3 0.1 13.3
376k-400k 23 22 5 0.2 6.3
401k-425k 5 12 0.4 2.5
426k-450k 15 7 2 0.1 12.9
451k-475k 2 12 2 1 1
476k-500k 22 18 2 0.1 7.3
501k-550k 28 29 3 0.2 5.8
551k-600k 21 23 8 0.2 5.5
601k-650k 11 21 3 0.3 3.1
651k-700k 15 20 4 0.2 4.5
701k-750k 10 15 1 0.3 4
751k-800k 6 15 3 0.4 2.4
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 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 7 8 0.2 5.3
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 11 9 1 0.1 7.3
126k-150k 14 10 3 0.1 8.4
151k-175k 9 10 3 0.2 5.4
176k-200k 16 8 0.1 12
201k-225k 15 6 1 0.1 15
226k-250k 24 11 2 0.1 13.1
251k-275k 14 6 1 0.1 14
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 3 1 0.2 6
426k-450k 14 4 1 0 21
451k-475k 4 0
476k-500k 6 4 0.1 9
501k-550k 2 7 2 0.6 1.7
551k-600k 4 4 2 0.2 6
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 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