Westford: Absorbtion Rates

By
Real Estate Agent with Keller Williams Realty Boston North West

Absorption Rates By Month

The rate at which properties sell per month
Property Type: Single Family
Towns: Westford, MA
November 2005 through October 2006
Date Sold For Sale Absorption Rate
Month Year Units Median
Price		 DOM Units Median
Price		 DOM Sale $ to List $ Units Sold / Units For Sale
November 2005 12 $421,500 63 164 $480,000 107 87.8% 7.3%
December 2005 14 $480,000 76 140 $459,900 117 104.4% 10.0%
January 2006 11 $469,750 81 130 $489,900 114 95.9% 8.5%
February 2006 5 $280,000 127 137 $474,900 107 59.0% 3.6%
March 2006 16 $542,500 81 166 $474,900 100 114.2% 9.6%
April 2006 13 $425,000 113 180 $459,900 100 92.4% 7.2%
May 2006 26 $485,000 89 195 $459,900 103 105.5% 13.3%
June 2006 35 $390,000 78 194 $479,995 106 81.3% 18.0%
July 2006 18 $405,000 102 197 $489,999 105 82.7% 9.1%
August 2006 29 $557,000 57 201 $499,000 113 111.6% 14.4%
September 2006 11 $440,000 105 197 $499,900 114 88.0% 5.6%
October 2006 6 $541,000 131 208 $494,900 114 109.3% 2.9%
12-Month Average: 16   92 176   108    
12-Month Median:   $465,000     $479,900      
12-Month Total: 196     2,109     96.9% 9.3%
 
November 2006 through October 2007
Date Sold For Sale Absorption Rate
Month Year Units Median
Price		 DOM Units Median
Price		 DOM Sale $ to List $ Units Sold / Units For Sale
November 2006 18 $510,000 84 180 $479,800 129 106.3% 10.0%
December 2006 13 $409,000 99 144 $479,800 152 85.2% 9.0%
January 2007 13 $401,500 109 127 $509,900 157 78.7% 10.2%
February 2007 11 $350,000 126 126 $499,900 160 70.0% 8.7%
March 2007 14 $437,500 136 145 $499,900 145 87.5% 9.7%
April 2007 14 $514,190 111 160 $500,000 141 102.8% 8.8%
May 2007 18 $502,500 99 177 $489,000 139 102.8% 10.2%
June 2007 26 $509,000 91 174 $489,000 141 104.1% 14.9%
July 2007 32 $485,000 90 157 $480,000 156 101.0% 20.4%
August 2007 26 $509,000 93 150 $469,000 161 108.5% 17.3%
September 2007 12 $405,000 92 146 $459,900 158 88.1% 8.2%
October 2007 14 $550,000 69 131 $449,900 147 122.2% 10.7%
12-Month Average: 18   100 151   149    
12-Month Median:   $482,000     $480,000      
12-Month Total: 211     1,817     100.4% 11.6%


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Rainmaker
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Ann Heitland
Retired from RE/MAX Peak Properties - Flagstaff, AZ
Retired from Flagstaff Real Estate Sales
Good info to have. Rather than presenting the absorption rates as percentages, I usually do it as number of months supply on the market -- it seems easier for people to understand.
Dec 04, 2007 02:12 PM #1
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Christina Bennani-Persechini

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