Date post: | 10-Feb-2017 |
Category: |
Real Estate |
Upload: | john-cranstoun |
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Sample Market Absorption RateSample Market Absorption Rate
Current active listings Reported sales in last 30 days
=
AbsorptionRate in months.Also known as months supply.
Anytown, NJ
5-6 Months Market Absorption Rate indicates a normal market.
Market Absorption Scale(Absorption Rate in Months)
5-6 months absorption rate indicates a normal market.
Market Scale for Supply & Market Scale for Supply & DemandDemand
High Supply/Low Demand Low Supply/High DemandNormal
Mar
ket A
bsor
ptio
n in
Mon
ths 1
23456789
101112
Nor
mal
Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values.
As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually.
Town 07InvenCount
07 Pending
Sales(prev 30
days)
07 Absorb
Rate
08Inven.Count
08Pending
Sales(prev. 30
days)
08Absorp.
Rate
09Inven.Count
09Pending
Sales(prev. 30
days)
09Absorp.
Rate (months)
10Inven.Count
10 Pending
Sales(prev. 30
days)
10Absorp.
Rate(months)
Pton. Boro 38 4 9.5 50 2 25 43 2 21.5 27 2 13.5Pton. Twp. 102 4 25.5 112 11 10.1 104 4 26 89 9 9.9W.
Windsor 136 27 5.03 126 14 6 127 11 11.5 109 17 6.2Lawrence 180 15 12 189 19 9.7 155 13 10.3 197 30 6.5
East Windsor 172 25 6.8 186 22 8.45 174 12 14.5 168 15 11.2Ewing 206 8 25.7 231 18 12.8 189 12 15.8 223 24 9.2
Hopewell Twp. 165 7 23.7 132 10 13.2 121 10 12.1 143 12 12
Cranbury 18 2 9 34 0 99 27 0 99 23 2 11.5Plainsb. 123 6 20.5 96 14 6.85 73 8 9.12 60 11 5.4
S. Bruns. 202 22 9.16 192 22 8.75 207 13 16 148 15 10Montgom 137 18 7.6 117 12 9.75 112 8 14Hamilton 442 54 8.18 542 46 11.7 520 89 5.8 497 67 7Franklin 384 63 6.0 450 53 11 346 28 12.3
Cum.
3/5/10
Towns Active Listings
Pending in Last 30 Days
Absorption Rate in Months
New Listings in 30 Days
Net Gain (Loss) to Market
Listings Reduced in 30 Days
% of Invent. Reduced
Expired Listings
W/drawn Listings
Closed Listings
Lawrence: All Styles 201 24 8.4 52 28 33 16.4 13 3 17Lawrence:Condo/THouses
66 8 8.3 20 12 15 23 13 2 8
Lawrence: 55+ 27 1 27 9 8 - - 0 2 1
Lawrence: Single Family
115 14 8.2 28 14 16 14 8 1 7