Supply & Demand in Bluffton, SC

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings 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 an absorption rate of 5-months and is also 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.

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

Houses 34% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
176k-200k 1 0
251k-275k 1 4 0.7 1.5
276k-300k 2 1 0.1 12
301k-325k 5 24 5 0.8 1.3
326k-350k 14 32 8 0.4 2.6
351k-375k 19 32 7 0.3 3.6
376k-400k 28 42 9 0.3 4
401k-425k 39 47 10 0.2 5
426k-450k 33 40 9 0.2 5
451k-475k 26 47 11 0.3 3.3
476k-500k 28 29 3 0.2 5.8
501k-550k 34 74 9 0.4 2.8
551k-600k 39 54 11 0.2 4.3
601k-650k 30 51 6 0.3 3.5
651k-700k 22 38 8 0.3 3.5
701k-750k 19 39 9 0.3 2.9
751k-800k 4 31 6 1.3 0.8
801k-850k 13 19 2 0.2 4.1
851k-900k 10 12 3 0.2 5
901k-950k 12 9 1 0.1 8
951k-1m 4 10 1 0.4 2.4
1m-1.1m 12 12 1 0.2 6
1.1m-1.2m 9 12 2 0.2 4.5
1.2m-1.3m 10 13 3 0.2 4.6
1.3m-1.4m 8 12 3 0.3 4
1.4m-1.5m 15 6 1 0.1 15
1.5m-1.6m 5 8 2 0.3 3.8
1.6m-1.7m 4 8 1 0.3 3
1.7m-1.8m 3 8 3 0.4 2.3
1.8m-1.9m 5 5 0.2 6
1.9m-2m 3 9 3 0.5 2
2m-2.25m 12 15 3 0.2 4.8
2.25m-2.5m 13 12 3 0.2 6.5
2.5m-2.75m 2 8 1 0.7 1.5
2.75m-3m 5 1 0 30
3m-3.5m 6 9 2 0.3 4
3.5m-4m 9 8 1 0.1 6.8
4m-4.5m 4 3 2 0.1 8
4.5m-5m 4 4 0.2 6
5.01m-6m 2 3 0.3 4
7.01m-8m 2 1 0.1 12
8.01m-9m 2 0
11.01m-12m 1 0.2 0
18.01m-19m 1 0

Townhouses 23% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
176k-200k 1 0
201k-225k 1 0.2 0
226k-250k 3 0.5 0
251k-275k 3 3 1 0.2 6
276k-300k 3 8 2 0.4 2.3
301k-325k 6 9 1 0.3 4
326k-350k 3 8 2 0.4 2.3
351k-375k 3 6 0.3 3
376k-400k 3 3 0.2 6
401k-425k 1 1 0.2 6
426k-450k 3 2 0.1 9
451k-475k 1 2 0.3 3
476k-500k 3 5 0.3 3.6
501k-550k 3 5 1 0.3 3.6
551k-600k 1 0.2 0
601k-650k 2 0.3 0
651k-700k 4 1 0 24
951k-1m 1 0
1.8m-1.9m 1 0.2 0
2.5m-2.75m 2 0

Condos 21% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 2 0.3 0
26k-50k 1 0
126k-150k 1 1 0.2 0
151k-175k 6 1 0
176k-200k 4 11 2 0.5 2.2
201k-225k 11 9 1 0.1 7.3
226k-250k 14 9 3 0.1 9.3
251k-275k 3 4 0.2 4.5
276k-300k 7 6 2 0.1 7
301k-325k 1 1 0.2 6
326k-350k 1 1 0.2 6
351k-375k 2 3 0.3 4
376k-400k 2 0.3 0
426k-450k 1 0.2 0
476k-500k 1 0.2 0
501k-550k 1 0
601k-650k 1 0
651k-700k 1 0
751k-800k 1 0

Land 24% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 0
51k-75k 2 0
76k-100k 2 2 0.3 0
101k-125k 2 0.3 0
126k-150k 3 0
151k-175k 3 4 0.2 4.5
176k-200k 3 3 1 0.2 6
201k-225k 2 3 0.3 4
226k-250k 3 1 0.1 18
251k-275k 3 1 0.5 0
276k-300k 2 1 0.1 12
301k-325k 2 2 0.2 6
326k-350k 1 2 0.3 3
351k-375k 3 0.5 0
376k-400k 5 4 1 0.1 7.5
401k-425k 4 3 0.1 8
426k-450k 3 0
451k-475k 1 0
476k-500k 4 2 0.1 12
501k-550k 1 3 2 0.5 2
551k-600k 3 3 1 0.2 6
601k-650k 3 1 1 0.1 18
651k-700k 2 4 1 0.3 3
701k-750k 1 1 1 0.2 6
751k-800k 2 1 0.1 12
801k-850k 1 0.2 0
851k-900k 2 2 0.2 6
951k-1m 2 0
1.1m-1.2m 1 1 0.2 0
1.2m-1.3m 2 0.3 0
1.3m-1.4m 1 0
1.5m-1.6m 1 4 3 0.7 1.5
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0.2 0
3m-3.5m 1 0
6.01m-7m 1 0
26.01m-27m 1 0