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May D.C. Absorption Rates

		DISTRICT OF COLUMBIA ABSORPTION RATE
		SINGLE FAMILY HOMES
		AS OF
				AVG	AVG
PRICE RANGE	TOTAL	TOTAL CLOSED	ABSORPTION	DOMP	DOMP
	ACTIVES		RATE	SOLD	ACTIVE

0 - 149,999	27	16 (3.2/month)	27/3.2= 8.44 months	71	744
150,000 - 199,999	83	23 (4.6/month)	83/4.6= 18.04 months	107	121
200,000 - 299,999	330	140 (28/month)	330/28= 11.79 months	112	140
300,000 - 399,999	395	175 (35/month)	395/35= 11.29 months	104	125
400,000 - 499,999	287	109 (21.8/month)	287/21.8= 13.17 months	111	138
500,000 - 599,999	162	90 (18/month)	162/18= 9 months	111	138
600,000 - 699,999	87	89 (17.8/month)	87/17.8= 4.89 months	55	97
700,000 - 799,999	72	82 (16.4/month)	72/16.4= 4.39 months	66	93
800,000 - 899,999	63	68 (13.6/month)	63/13.6= 4.63 months	52	99
900,000 - 999,999	38	37 (7.4/month)	38/7.4= 5.14 months	92	108
1,000,000 - 2,000,000	135	116 (23.2/month)	135/23.2= 5.82 months	75	111
2,000,000 - 3,000,000	45	19 (3.8/month)	45/3.8= 11.84 months	120	128
3,000,000 + 4,000,000	12	7 (1.4/month)	12/1.4= 8.57 months	145	173
4,000,000+	23	4 (.8/month)	23/.8= 28.75 months	396	201
ALL DC SF HOMES	1,759	975 (195/month)	1759/195= 9.02 months	90	125



		DISTRICT OF COLUMBIA ABSORPTION RATE
		CONDOS & COOPS
		AS OF
				AVG	AVG
PRICE RANGE	TOTAL	TOTAL CLOSED	ABSORPTION	DOMP	DOMP
	ACTIVES		RATE	SOLD	ACTIVE

0 - 149,999	83	26 (5.2/month)	83/5.2= 15.96 months	91	123
150,000 - 199,999	206	72 (14.4/month)	206/14.4= 14.31 months	107	151
200,000 - 299,999	351	216 (43.2/month)	351/43.2= 8.13 months	80	116
300,000 - 399,999	313	227 (45.4/month)	313/45.4= 6.89 months	68	90
400,000 - 499,999	228	148 (29.6/month)	228/29.6= 7.73 months	97	86
500,000 - 599,999	128	98 (19.6/month)	128/19.6= 6.53 months	91	78
600,000 - 699,999	72	52 (10.4/month)	72/10.4= 6.92 months	92	71
700,000 - 799,999	54	27 (5.4/month)	54/5.4= 10 months	81	99
800,000 - 899,999	29	12 (2.4/month)	29/2.4= 12.08 months	104	89
900,000 - 999,999	22	5 (1/month)	22/1= 22 months	129	80
1,000,000 - 2,000,000	50	18 (3.6/month)	50/3.6= 13.89 months	87	119
2,000,000 - 3,000,000	11	2 (.4/month)	11/.4= 27.5 months	83	210
3,000,000 + 4,000,000	2	0	cannot compute yet	n/a	54
4,000,000+	2	0	cannot compute yet	n/a	233
ALL DC C & Cs	1,551	903 (180.6/month)	1551/180.6= 8.59 months	85	105


	NOTE: an absorption rate of 6 months is considered "balanced."
Source: MRIS.

Posted by Shari Walker (LICENSED IN DC, MD, & VA) on 06/04/2008 12:16 PM

Comments (1)

absorption rate, absorption, market statistics, washington dc, shari walker, long and foster, may 2008

This post has been included in District of Columbia Information District of Columbia County, DC Information

1 Comments on May D.C. Absorption Rates

JUN

2008

Hi Shara,

I see you tally absorption rates as I do. It's interesting that you do it by price range. Here on Kauai I do it by location as we have 5 distinct regions, all very different. Your post has motivated me to look at it by price range as well. Thanks for sharing!

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