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October 2011 Average Sales Price, Market Composition, and Absorption Rates. Absorption rates, sales price, market composition, and trend line graph for Areas: 141, 142, 143, 144, 148 and 150 (N,NE,SE,SW Portland & Gresham/Troutdale, Beaverton/Aloha January 1 st through Oct. 30 th , 2011).
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October 2011 Average Sales Price, Market Composition, and Absorption Rates Absorption rates, sales price, market composition, and trend line graph for Areas: 141, 142, 143, 144, 148 and 150 (N,NE,SE,SW Portland & Gresham/Troutdale, Beaverton/Aloha January 1st through Oct. 30th, 2011)
141 Current Active ListingsNorth Portland Current active listings through 10/31/2011
141 Current Pending Listings North Portland Current pending listings through 10/31/2011
141 YTD Sold Listings North Portland Sold listings 01/01/2011 through 10/31/2011
142 Current Active Listings Northeast Portland Current active listings through 10/31/2011
142 Current Pending ListingsNortheast Portland Current pending listings through 10/31/2011
142 YTD Sold ListingsNortheast Portland Sold listings 01/01/2011 through 10/31/2011
143 Current Active ListingsSoutheast Portland Current active listings through 10/31/2011
143 Current Pending ListingsSoutheast Portland Current pending listings through 10/31/2011
143 YTD Sold ListingsSouth East Portland Sold listings 01/01/2011 through 10/31/2011
144 Current Active ListingsGresham/Troutdale Current active listings through 10/31/2011
144 Current Pending ListingsGresham/Troutdale Current pending listings through 10/31/2011
144 YTD Sold ListingsGresham/Troutdale Sold listings 01/01/2011 through 10/31/2011
148 Current Active ListingsWest Portland Current active listings through 10/31/2011
148 Current Pending ListingsWest Portland Current pending listings through 10/31/2011
148 YTD Sold ListingsWest Portland Sold listings 01/01/2011 through 10/31/2011
150 Current Active ListingsBeaverton/Aloha Current active listings through 10/31/2011
150 Current Pending ListingsBeaverton/Aloha Current pending listings through 10/31/2011
150 YTD Sold ListingsBeaverton/Aloha Sold listings 01/01/2011 through 10/31/2011
2011 Average Sales PriceThrough October Average sales price 01/01/2011 – 10/31/2011
2011 Average Sales PriceThrough October Average sales price 01/01/2011 – 10/31/2011
2011 Average Sales Price Bank Owned Through October Average sales price 01/01/2011 – 10/31/2011
2011 Average Sales Price Bank Owned Through October Average sales price 01/01/2011 – 10/31/2011
2011 Average Sales Price Short Sale Through October Average sales price 01/01/2011 – 10/31/2011
2011 Average Sales Price Short Sale Through October Average sales price 01/01/2011 – 10/31/2011
Formula for Calculating Monthly Absorption Rate An absorption rate is a snapshot of market conditions in a particular price range or market area as of the moment the calculation is complete. To capture price range specific data be sure to calculate each price range separately. For the best results an absorption rate should be calculated on the first day of each month. In times of rapidly changing market conditions, the frequency should be accelerated to weekly. Absorption rate calculation as follows: 1. On the first of the month determine the total number of listings available in the price range you are analyzing. 2. Determine the number of new sales (properties that went “under-contract or into escrow) in the previous month. Do not count transactions that closed during that period unless the property went under-contract/into escrow and closed in the same month. 3. Divide the answer to #1 by the answer to #2. Your answer will reflect the number of months supply in that price range or market area at current rate of sale, assuming no other properties come on the market. 4. Divide the answer to #2 by the answer to #1. Your answer will reflect the percentage of listings that sold in the area of price range during the month.
