Absorption Report

Algonquin, Barrington Hills, Carpentersville, Cary, Dundee, East Dundee, Elgin, Fox River Grove, Gilberts, Hampshire, Huntley, Lake in the Hills, Pingree Grove, Sleepy Hollow, West Dundee, District 300

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months
Inventory
5 months
Inventory
> 5 months
Inventory

The absorption rate is the rate at which a home is likely to sell in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with 5 months of inventory in their price range, and they are anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.


NAN% of available homes are currently under contract

Single Family Homes

List Price Available Sold Since 11/07 Under Contract
Last 30 days
Absorption Rate Months of Inventory
126k-150k 2 0.3 0
151k-175k 6 1 0
176k-200k 8 1.3 0
201k-225k 10 1.7 0
226k-250k 24 4 0
251k-275k 16 2.7 0
276k-300k 27 2 4.5 0
301k-325k 17 2.8 0
326k-350k 35 2 5.8 0
351k-375k 31 5.2 0
376k-400k 24 4 0
401k-425k 29 4.8 0
426k-450k 29 4.8 0
451k-475k 21 3.5 0
476k-500k 20 1 3.3 0
501k-550k 12 2 0
551k-600k 11 1.8 0
601k-650k 2 0.3 0
651k-700k 1 1 0.2 0
701k-750k 2 0.3 0

NAN% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 11/07 Under Contract
Last 30 days
Absorption Rate Months of Inventory
51k-75k 1 0.2 0
76k-100k 2 0.3 0
126k-150k 4 0.7 0
151k-175k 6 1 0
176k-200k 7 1.2 0
201k-225k 18 3 0
226k-250k 21 1 3.5 0
251k-275k 42 1 7 0
276k-300k 49 8.2 0
301k-325k 36 6 0
326k-350k 8 1.3 0
351k-375k 1 0.2 0
376k-400k 3 0.5 0
426k-450k 1 0.2 0

NAN% of available homes are currently under contract

Lots/Land

List Price Available Sold Since 12/31 Under Contract
Last 30 days
Absorption Rate Months of Inventory
1k-25k 1 0.2 0
26k-50k 1 0.2 0
51k-75k 2 1 0.3 0
76k-100k 1 0.2 0
226k-250k 1 0.2 0
1.4m-1.5m 1 0.2 0