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Gloucester, MA Absorption Rate Feb 2008

By
Real Estate Agent with Kristal Pooler & Associates. Coast & Country Properties Inc.

The absorption rate is the rate of sale per month stated as a percentage.
For Example, if the absorption rate is 8%, then 8 out of 100 properties for sale sold that month.

This report shows the underlying strength of the market by comparing the percentage of "For Sale Properties" that sold in the prior
period to the current period. This report detects imbalances between the supply and demand for real estate.

The absorption rate is affected by the: number of units that sold and the number of units for sale.

If the absorption rate is rising, the market demand for real estate is improving and if it is falling, the market demand is
deteriorating. Source IMAX Web Solutions, RE/MAX Advantage. MLS listed properties only

 

February 2008
Price RangeSoldFor SaleAbsorption Rate
 UnitsMedian
Price
DOMUnitsMedian
Price
DOMUnits Sold / Units For Sale
$150,000 - $199,9990$001$178,000550.0%
$200,000 - $249,9990$008$239,000950.0%
$250,000 - $299,9991$269,0005113$275,000757.7%
$300,000 - $349,9990$0017$329,0001400.0%
$350,000 - $399,9990$009$385,0001660.0%
$400,000 - $449,9991$429,000395$425,00010620.0%
$450,000 - $499,9991$487,5008411$479,9001339.1%
$500,000 - $599,9990$0011$549,900880.0%
$600,000 - $699,9990$0012$650,0001270.0%
$700,000 - $799,9990$0010$739,0001080.0%
$800,000 - $899,9990$008$850,0001730.0%
$900,000 - $999,9990$008$995,0002260.0%
$1,000,000 - $1,499,9991$1,200,0002438$1,125,00011812.5%
$1,500,000 - $1,999,9990$006$1,750,0002060.0%
$2,000,000 - $2,499,9990$002$2,300,000910.0%
$3,000,000 - $3,499,9990$001$3,250,000130.0%
$4,500,000 - $4,999,9990$001$4,950,000130.0%
$5,000,000 - $5,999,9990$002$5,999,0002760.0%
$6,000,000 - $6,999,9990$001$6,950,0003460.0%
$7,000,000 - $7,999,9990$001$7,600,0005720.0%
Price Range Average:0 217 156 
Price Range Median: $487,500  $547,900  
Price Range Total:4  135  3