What Are Absorption Rates?

The Definition of Absorption Rate: Number of weeks it takes to sell the current inventory at the present rate of sales.

How long does it take to sell?

Here are the absorption rates for homes in the Augusta-North Augusta area.
The absorption rate is determined by dividing the active sales per month into the active inventory.

HOME PRICE – HOW LONG IT TAKES TO SELL

$200,001 to $250,000 – 10 months

$250,001 to $300,000 – 12 months

$300,001 to $350,000 – 16 months

$350,001 to $400,000 – 18 months

$400,001 to $450,000 – 22 months

$450,001 to $500,000 – 30 months

$500,001 to $550,000 – 44 months

$550,001 to $600,000 – 47 months

$600,001 to $650,000 – 28 months

$650,001 to $700,000 – 140 months

$700,001 to $750,000 – 20 months

$750,001 to $800,000 – 60 months

$800,001 to $850,000 – 75 months

$850,001 to $900,000 – N/A*

$900,001 to $950,000 – N/A*

$950,001 to $1 million – 38 months

Over $1 million – 438 months

Need Specific Absorption rates for your neighborhood or specific county?

Give me a call, and I’ll run the numbers for you.