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 37% 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 3 0.5 0
276k-300k 2 8 1 0.7 1.5
301k-325k 5 23 4 0.8 1.3
326k-350k 5 27 3 0.9 1.1
351k-375k 13 34 6 0.4 2.3
376k-400k 38 52 5 0.2 4.4
401k-425k 29 50 7 0.3 3.5
426k-450k 38 58 7 0.3 3.9
451k-475k 25 50 5 0.3 3
476k-500k 25 49 7 0.3 3.1
501k-550k 43 65 7 0.3 4
551k-600k 33 72 8 0.4 2.8
601k-650k 41 61 11 0.2 4
651k-700k 27 49 6 0.3 3.3
701k-750k 11 58 7 0.9 1.1
751k-800k 18 22 4 0.2 4.9
801k-850k 8 20 2 0.4 2.4
851k-900k 13 21 2 0.3 3.7
901k-950k 4 12 1 0.5 2
951k-1m 9 14 4 0.3 3.9
1m-1.1m 9 18 3 0.3 3
1.1m-1.2m 7 20 0.5 2.1
1.2m-1.3m 10 16 3 0.3 3.8
1.3m-1.4m 12 17 2 0.2 4.2
1.4m-1.5m 5 7 1 0.2 4.3
1.5m-1.6m 11 9 2 0.1 7.3
1.6m-1.7m 11 10 0.2 6.6
1.7m-1.8m 2 7 2 0.6 1.7
1.8m-1.9m 7 4 0.1 10.5
1.9m-2m 2 2 1 0.2 6
2m-2.25m 10 8 4 0.1 7.5
2.25m-2.5m 10 14 4 0.2 4.3
2.5m-2.75m 5 4 1 0.1 7.5
2.75m-3m 5 3 0.1 10
3m-3.5m 4 6 1 0.3 4
3.5m-4m 7 4 2 0.1 10.5
4m-4.5m 6 1 1 0 36
4.5m-5m 6 2 0.1 18
5.01m-6m 5 3 2 0.1 10
8.01m-9m 2 0
9.01m-10m 1 1 0.2 6
12.01m-13m 1 0
13.01m-14m 1 0

Townhouses 31% 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 0.2 0
201k-225k 2 0.3 0
226k-250k 8 1 1.3 0
251k-275k 4 8 1 0.3 3
276k-300k 7 11 1 0.3 3.8
301k-325k 5 9 0.3 3.3
326k-350k 8 9 2 0.2 5.3
351k-375k 3 5 0.3 3.6
376k-400k 3 9 2 0.5 2
401k-425k 1 1 0.2 6
451k-475k 6 1 0 36
476k-500k 3 4 0.2 4.5
501k-550k 2 4 2 0.3 3
601k-650k 3 6 1 0.3 3
651k-700k 2 1 0.3 0
701k-750k 2 1 0.1 12
801k-850k 1 0.2 0
2m-2.25m 1 0
3m-3.5m 1 0

Condos 25% 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 4 0.7 1.5
126k-150k 1 0.2 0
151k-175k 1 4 1 0.7 1.5
176k-200k 5 10 2 0.3 3
201k-225k 11 16 2 0.2 4.1
226k-250k 10 10 1 0.2 6
251k-275k 7 4 2 0.1 10.5
276k-300k 6 1 0 36
301k-325k 1 3 1 0.5 2
351k-375k 3 2 1 0.1 9
376k-400k 3 1 0.5 0
401k-425k 2 1 0.3 0
451k-475k 1 0
501k-550k 1 1 0.2 0
551k-600k 1 0
601k-650k 2 0
701k-750k 1 0
1.1m-1.2m 1 0.2 0

Land 16% 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
26k-50k 1 1 0.2 6
51k-75k 2 3 0.3 4
76k-100k 2 0.3 0
101k-125k 3 1 0.1 18
126k-150k 1 1 0.2 6
151k-175k 7 3 2 0.1 14
176k-200k 4 3 0.1 8
201k-225k 2 1 1 0.1 12
226k-250k 6 0
251k-275k 1 3 0.5 2
276k-300k 4 2 0.1 12
301k-325k 3 0
326k-350k 2 1 0.3 0
351k-375k 6 1 0
376k-400k 5 5 1 0.2 6
401k-425k 1 2 2 0.3 3
426k-450k 4 2 0.1 12
476k-500k 2 0
501k-550k 2 4 0.3 3
551k-600k 2 0
601k-650k 2 2 0.2 6
651k-700k 2 2 0.2 6
701k-750k 1 0
751k-800k 2 0
801k-850k 1 2 0.3 3
851k-900k 3 0
951k-1m 3 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 1 2 1 0.3 3
1.5m-1.6m 2 0
1.6m-1.7m 1 1 0.2 6
1.8m-1.9m 1 0
1.9m-2m 1 1 0.2 6
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
26.01m-27m 1 0