Here is the absorption rate for Salt Lake County. We have segments that are not moving. To understand the Absorption rate, you simply divided the number of active listings by the number of homes that have sold in the previous month. The key is, the ones that are priced right are selling and the rest are not. See the graph for The Tale of Two Markets Based on the data from the previous post. The days on the market for priced correctly and that are in good condition is fairly short. List Price Range | # Listings Active | # Listings Sold in October | Months Supply | $0 | - | $9,999 | 3 | 0 | ??? | $10,000 | - | $19,999 | 4 | 0 | ??? | $20,000 | - | $29,999 | 5 | 4 | 1.25 | $30,000 | - | $39,999 | 6 | 4 | 1.50 | $40,000 | - | $49,999 | 12 | 2 | 6.00 | $50,000 | - | $59,999 | 8 | 3 | 2.67 | $60,000 | - | $69,999 | 6 | 6 | 1.00 | $70,000 | - | $79,999 | 12 | 3 | 4.00 | $80,000 | - | $89,999 | 9 | 5 | 1.80 | $90,000 | - | $99,999 | 12 | 4 | 3.00 | $100,000 | - | $119,999 | 53 | 16 | 3.31 | $120,000 | - | $139,999 | 122 | 53 | 2.30 | $140,000 | - | $159,999 | 225 | 79 | 2.85 | $160,000 | - | $179,999 | 399 | 87 | 4.59 | $180,000 | - | $199,999 | 520 | 97 | 5.36 | $200,000 | - | $249,999 | 1,226 | 207 | 5.92 | $250,000 | - | $299,999 | 1,179 | 157 | 7.51 | $300,000 | - | $349,999 | 854 | 91 | 9.38 | $350,000 | - | $399,999 | 677 | 52 | 13.02 | $400,000 | - | $449,999 | 462 | 25 | 18.48 | $450,000 | - | $499,999 | 423 | 22 | 19.23 | $500,000 | - | $599,999 | 560 | 27 | 20.74 | $600,000 | - | $699,999 | 351 | 17 | 20.65 | $700,000 | - | $799,999 | 228 | 7 | 32.57 | $800,000 | - | $899,999 | 120 | 8 | 15.00 | $900,000 | - | $999,999 | 99 | 3 | 33.00 | $1,000,000 | - | $1,249,999 | 88 | 6 | 14.67 | $1,250,000 | - | $1,499,999 | 76 | 0 | ??? | $1,500,000 | - | $1,749,999 | 28 | 0 | ??? | $1,750,000 | - | $1,999,999 | 41 | 1 | 41.00 | $2,000,000 | - | $2,499,999 | 28 | 1 | 28.00 | $2,500,000 | - | $2,999,999 | 18 | 1 | 18.00 | $3,000,000 | - | $3,999,999 | 14 | 0 | ??? | $4,000,000 | - | $4,999,999 | 5 | 0 | ??? | $5,000,000 | - | and over | 12 | 0 | ??? |
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