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 29% 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 2 0.3 0
276k-300k 2 4 1 0.3 3
301k-325k 5 22 2 0.7 1.4
326k-350k 11 32 3 0.5 2.1
351k-375k 16 26 2 0.3 3.7
376k-400k 33 38 7 0.2 5.2
401k-425k 40 39 2 0.2 6.2
426k-450k 29 48 9 0.3 3.6
451k-475k 24 45 5 0.3 3.2
476k-500k 22 36 1 0.3 3.7
501k-550k 28 72 6 0.4 2.3
551k-600k 37 54 5 0.2 4.1
601k-650k 39 57 8 0.2 4.1
651k-700k 23 33 4 0.2 4.2
701k-750k 13 36 5 0.5 2.2
751k-800k 15 27 6 0.3 3.3
801k-850k 12 13 0.2 5.5
851k-900k 12 14 3 0.2 5.1
901k-950k 4 6 0.3 4
951k-1m 9 9 1 0.2 6
1m-1.1m 8 19 0.4 2.5
1.1m-1.2m 7 17 1 0.4 2.5
1.2m-1.3m 8 13 2 0.3 3.7
1.3m-1.4m 7 12 0.3 3.5
1.4m-1.5m 9 6 0.1 9
1.5m-1.6m 9 7 1 0.1 7.7
1.6m-1.7m 3 11 2 0.6 1.6
1.7m-1.8m 6 9 0.3 4
1.8m-1.9m 5 4 0.1 7.5
1.9m-2m 2 7 1 0.6 1.7
2m-2.25m 16 11 2 0.1 8.7
2.25m-2.5m 9 9 1 0.2 6
2.5m-2.75m 6 5 0.1 7.2
2.75m-3m 3 0
3m-3.5m 7 8 1 0.2 5.3
3.5m-4m 7 7 2 0.2 6
4m-4.5m 4 1 1 0 24
4.5m-5m 2 3 1 0.3 4
5.01m-6m 4 4 2 0.2 6
7.01m-8m 1 0
8.01m-9m 2 0
9.01m-10m 1 0.2 0
12.01m-13m 1 1 0.2 0
19.01m-20m 1 0

Townhouses 29% 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 1 0.2 6
201k-225k 2 0.3 0
226k-250k 5 0.8 0
251k-275k 3 7 0.4 2.6
276k-300k 6 9 3 0.3 4
301k-325k 5 9 1 0.3 3.3
326k-350k 2 8 0.7 1.5
351k-375k 5 7 0.2 4.3
376k-400k 4 3 0.1 8
401k-425k 1 2 0.3 3
426k-450k 2 0
451k-475k 2 4 2 0.3 3
476k-500k 1 7 1 1.2 0.9
501k-550k 1 5 0.8 1.2
551k-600k 2 0
601k-650k 1 4 0.7 1.5
651k-700k 3 1 0.1 18
1.8m-1.9m 1 0.2 0
2.5m-2.75m 1 0

Condos 8% 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 0.2 0
126k-150k 2 1 0.3 0
151k-175k 2 3 0.3 4
176k-200k 6 9 2 0.3 4
201k-225k 13 13 0.2 6
226k-250k 15 6 0.1 15
251k-275k 5 3 0.1 10
276k-300k 7 4 0.1 10.5
301k-325k 1 0.2 0
326k-350k 1 2 1 0.3 3
351k-375k 2 3 0.3 4
376k-400k 1 3 0.5 2
426k-450k 1 0.2 0
476k-500k 1 0.2 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 0
1.1m-1.2m 1 1 0.2 6

Land 10% 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 2 0.2 6
76k-100k 2 0
101k-125k 2 1 0.3 0
126k-150k 2 0
151k-175k 4 4 0.2 6
176k-200k 3 4 0.2 4.5
201k-225k 2 3 0.3 4
226k-250k 4 0
251k-275k 2 0.3 0
276k-300k 4 1 0 24
301k-325k 1 2 0.3 3
326k-350k 2 2 0.2 6
351k-375k 4 0.7 0
376k-400k 5 0
401k-425k 3 3 1 0.2 6
426k-450k 3 0
476k-500k 2 1 1 0.1 12
501k-550k 3 1 0.1 18
551k-600k 4 1 0 24
601k-650k 4 0
651k-700k 3 2 0.1 9
701k-750k 1 0
751k-800k 3 0
801k-850k 2 0.3 0
851k-900k 3 1 0.1 18
951k-1m 3 0
1.2m-1.3m 2 0.3 0
1.3m-1.4m 1 1 0.2 0
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 1 0.2 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
6.01m-7m 1 0
26.01m-27m 1 0