It is imperative in today’s market to understand Absorption Rates and Pricing Consequences.  In its simplest terms, the Absorption Rate is the rate at which properties are selling in a given area considering current inventory, closed sales and a specified time period.

If you are a seller, understanding the data below may be the difference between a realistic market picture and a quicker sale or a lengthy market time and significant disappointment.   As a purchaser, you must understand which price ranges are in higher demand and circumstances which might make the seller less inclined to negotiate.  If you need additional information to help you understand the process of analyzing this data, please feel free to contact me, Irene Morales Ward, for all you Northern Virginia Real Estate needs.

Absorption Rates in Stafford by Zip Code – YTD

Current Inventory / (Closed Sales/9 Months) = Absorption Rate

Data based on single family homes

22554

Price Ranges                                     Current Inventory               Closed Sales YTD                  Absorption Rate

Up to $249,999                                                  11                                           7                            14 months

$250,000 - $299,999                                          15                                           26                           5 months

$300,000 - $349,999                                          53                                           54                           9 months

$350,000 - $399,999                                          121                                         123                         9 months

$400,000 - $449,999                                          66                                           92                           6 ½ months

$450,000 - $499,999                                          62                                           56                           10 months           

$500,000 - $549,999                                          28                                           25                           10 months

$550,000 - $599,999                                          28                                           20                           13 months

$600,000 - $649,999                                          12                                           12                           9 months

$650,000 - $699,999                                          15                                           6                             22 ½ months

$700,000 - $799,999                                          17                                           4                             38 months

$800,000 - $899,999                                          10                                           2                             45 months

$900,000 - $999,999                                          3                                             0                              No Data

$1,000,000+                                                       3                                             1                              27 months

22556

Price Ranges                                         Current Inventory               Closed Sales YTD                  Absorption Rate

Up to $249,999                                                   7                                            17                                           4 months

$250,000 - $299,999                                          21                                           24                                           8 months

$300,000 - $349,999                                          31                                           33                                           8 ½ months

$350,000 - $399,999                                          54                                           25                                           19 months

$400,000 - $449,999                                          25                                           23                                           10 months

$450,000 - $499,999                                          12                                           8                                              13 ½ months

$500,000 - $549,999                                          7                                             12                                           5 months

$550,000 - $599,999                                          19                                           8                                              21 months

$600,000 - $649,999                                          4                                             6                                              6 months

$650,000 - $699,999                                          13                                           5                                              23 months

$700,000 - $799,999                                          15                                           10                                           13 ½ months

$800,000 - $899,999                                          5                                              4                                              11 months

$900,000 - $999,999                                          2                                              1                                              18 months

$1,000,000+                                                       2                                              0                                              No Data

22406

Price Ranges                                         Current Inventory               Closed Sales YTD                  Absorption Rate

Up to $249,999                                                   3                                            3                                              9 months

$250,000 - $299,999                                          11                                           7                                              14 months

$300,000 - $349,999                                          21                                           14                                           14 months

$350,000 - $399,999                                          34                                           27                                           11 months

$400,000 - $449,999                                          33                                           24                                           12 months

$450,000 - $499,999                                          31                                           7                                              40 months

$500,000 - $549,999                                          24                                           13                                           17 months

$550,000 - $599,999                                          16                                           3                                              48 months

$600,000 - $649,999                                          12                                           4                                              27 months

$650,000 - $699,999                                          17                                           2                                              77 months

$700,000 - $799,999                                          9                                              1                                              81 months

$800,000 - $899,999                                          5                                              1                                              45 months           

$900,000 - $999,999                                          1                                              0                                              No Data

$1,000,000+                                                       1                                              2                                              4 ½ months

All information deemed accurate but not guaranteed.  Source of data: MRIS® 9/17/2007.