Post on 15-May-2015
Absorption Months to absorb current inventory at current sales rate. Apr-10
Newport Smithfield/ York/ South North
News Isle of Wight Poquoson Va. Beach Va. Beach
150-200 9.0 12.2 8.8 8.9 11.7 12.9 12.1 8.3 7.4 8.0
201-250 7.4 13.2 13.0 10.7 12.2 17.8 8.5 8.0 6.7 8.8
251-300 10.2 18.0 14.5 12.5 22.9 19.9 11.9 12.8 6.5 8.9
301-350 14.3 16.0 9.1 18.7 23.0 19.0 10.6 12.6 9.6 10.4
351-400 20.5 23.0 15.2 35.1 27.0 15.8 20.9 20.5 12.7 14.1
401-450 13.7 22.4 10.5 33.0 * 13.6 19.7 15.3 16.9 14.6
451-500 16.5 24.6 60.0 * 9.0 26.4 16.4 26.7 13.9 27.9
501-550 23.5 54.0 * * 16.0 12.0 25.0 32.7 15.5
551-600 49.2 27.4 24.0 6.0 * 14.4 26.0 9.8 49.5 37.2
601-700 64.0 28.4 36.0 * 24.0 66.0 39.0 28.5 61.7 27.0
701-800 24.0 75.0 42.0 * * * 27.0 18.0 24.8 18.5
801-900 * 96.0 * * * * * 30.0 60.0 24.5
901-1000 * 78.0 * * * * 18.0 12.0 * 32.0
1001+ * 69.0 30.0 48.0 * 30.0 * 10.8 40.5 34.7
* No Sold Properties
Current Inventory as of 4/30/2010
Newport Smithfield/ York/ South North
News Isle of Wight Poquoson Va. Beach Va. Beach
150-200 368 495 267 343 253 41 161 58 386 252
201-250 310 256 218 284 150 80 149 84 420 203
251-300 276 183 116 135 80 63 195 92 273 164
301-350 302 96 38 56 23 57 110 67 176 126
351-400 290 96 38 41 9 42 80 82 146 155
401-450 155 56 7 22 10 25 46 46 104 73
451-500 88 41 10 8 3 22 30 49 65 79
501-550 43 36 5 7 5 8 16 25 49 44
551-600 41 32 8 1 5 12 13 26 66 62
601-700 32 52 6 4 4 11 26 19 72 99
701-800 12 25 7 1 1 5 9 9 33 71
801-900 10 16 1 1 1 4 14 10 20 53
901-1000 4 13 1 1 1 2 3 2 9 32
1001+ 12 23 5 8 1 5 18 9 33 148
Suffolk
Suffolk
Norfolk
Portsmouth
PortsmouthHampton
Hampton
Chesapeake
Price Range ($000's) Chesapeake Norfolk
Price Range ($000's)
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 2624 1675 279.2 9.4
201-250 2154 1411 235.2 9.2
251-300 1577 881 146.8 10.7
301-350 1051 507 84.5 12.4
351-400 979 332 55.3 17.7
401-450 544 201 33.5 16.2
451-500 395 117 19.5 20.3
501-550 238 58 9.7 24.6
551-600 266 57 9.5 28.0
601-700 325 54 9.0 36.1
701-800 173 42 7.0 24.7
801-900 130 18 3.0 43.3
901-1000 68 9 1.5 45.3
1001+ 262 33 5.5 47.6
Total Absorption Rate All Areas for Apr 2010
0.0
10.0
20.0
30.0
40.0
50.0
60.0
Months to Absorb
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 368 244 40.7 9.0
201-250 310 251 41.8 7.4
251-300 276 163 27.2 10.2
301-350 302 127 21.2 14.3
351-400 290 85 14.2 20.5
401-450 155 68 11.3 13.7
451-500 88 32 5.3 16.5
501-550 43 11 1.8 23.5
551-600 41 5 0.8 49.2
601-700 32 3 0.5 64.0
701-800 12 3 0.5 24.0
801-900 10 0 0.0
901-1000 4 0 0.0
1001+ 12 0 0.0
Chesapeake (Area 31, 32, and 33)
Absorption Rates Apr 2010
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
Months to Absorb
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 495 243 40.5 12.2
201-250 256 116 19.3 13.2
251-300 183 61 10.2 18.0
301-350 96 36 6.0 16.0
351-400 96 25 4.2 23.0
401-450 56 15 2.5 22.4
451-500 41 10 1.7 24.6
501-550 36 4 0.7 54.0
551-600 32 7 1.2 27.4
601-700 52 11 1.8 28.4
701-800 25 2 0.3 75.0
801-900 16 1 0.2 96.0
901-1000 13 1 0.2 78.0
1001+ 23 2 0.3 69.0
Norfolk (Area 11, 12, and 13)
Absorption Rates Apr 2010
0.0
20.0
40.0
60.0
80.0
100.0
120.0Months to Absorb
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 267 182 30.3 8.8
201-250 218 101 16.8 13.0
251-300 116 48 8.0 14.5
301-350 38 25 4.2 9.1
351-400 38 15 2.5 15.2
401-450 7 4 0.7 10.5
451-500 10 1 0.2 60.0
501-550 5 0 0.0
551-600 8 2 0.3 24.0
601-700 6 1 0.2 36.0
701-800 7 1 0.2 42.0
801-900 1 0 0.0
901-1000 1 0 0.01001+ 5 1 0.2 30.0
Hampton (Areas 101-105)
Absorption Rates Apr 2010
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
150-200 201-250 251-300 301-350 351-400 401-450 451-500 501-550 551-600 601-700
Months to Absorb
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 343 231 38.5 8.9
201-250 284 160 26.7 10.7
251-300 135 65 10.8 12.5
301-350 56 18 3.0 18.7
351-400 41 7 1.2 35.1
401-450 22 4 0.7 33.0
451-500 8 0 0.0
501-550 7 0 0.0
551-600 1 1 0.2 6.0
601-700 4 0 0.0
701-800 1 0 0.0
801-900 1 0 0.0
901-1000 1 0 0.01001+ 8 1 0.2 48.0
Newport News (Areas 106-110)
Absorption Rates Apr 2010
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
150-200 201-250 251-300 301-350 351-400 401-450 451-500 501-550 551-600 601-700
Months to Absorb
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 253 130 21.7 11.7
201-250 150 74 12.3 12.2
251-300 80 21 3.5 22.9
301-350 23 6 1.0 23.0
351-400 9 2 0.3 27.0
401-450 10 0 0.0
451-500 3 2 0.3 9.0
501-550 5 0 0.0
551-600 5 0 0.0
601-700 4 1 0.2 24.0
701-800 1 0 0.0
801-900 1 0 0.0
901-1000 1 0 0.01001+ 1 0 0.0
Portsmouth ( Area 21, 22)
Absorption Rates Apr 2010
0.0
5.0
10.0
15.0
20.0
25.0
30.0Months to Absorb
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 41 19 3.2 12.9
201-250 80 27 4.5 17.8
251-300 63 19 3.2 19.9
301-350 57 18 3.0 19.0
351-400 42 16 2.7 15.8
401-450 25 11 1.8 13.6
451-500 22 5 0.8 26.4
501-550 8 3 0.5 16.0
551-600 12 5 0.8 14.4
601-700 11 1 0.2 66.0
701-800 5 0 0.0
801-900 4 0 0.0
901-1000 2 0 0.01001+ 5 1 0.2 30.0
Smithfield-Isle of Wight (Areas 64-66)
Absorption Rates Apr 2010
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0Months to Absorb
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 161 80 13.3 12.1
201-250 149 105 17.5 8.5
251-300 195 98 16.3 11.9
301-350 110 62 10.3 10.6
351-400 80 23 3.8 20.9
401-450 46 14 2.3 19.7
451-500 30 11 1.8 16.4
501-550 16 8 1.3 12.0
551-600 13 3 0.5 26.0
601-700 26 4 0.7 39.0
701-800 9 2 0.3 27.0
801-900 14 0 0.0
901-1000 3 1 0.2 18.01001+ 18 0 0.0
Suffolk (Areas 61-63)
Absorption Rates Apr 2010
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
Months to Absorb
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 58 42 7.0 8.3
201-250 84 63 10.5 8.0
251-300 92 43 7.2 12.8
301-350 67 32 5.3 12.6
351-400 82 24 4.0 20.5
401-450 46 18 3.0 15.3
451-500 49 11 1.8 26.7
501-550 25 6 1.0 25.0
551-600 26 16 2.7 9.8
601-700 19 4 0.7 28.5
701-800 9 3 0.5 18.0
801-900 10 2 0.3 30.0
901-1000 2 1 0.2 12.01001+ 9 5 0.8 10.8
York, Poquoson ( Area 111-113 )
Absorption Rates Apr 2010
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
Months to Absorb
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 386 314 52.3 7.4
201-250 420 376 62.7 6.7
251-300 273 252 42.0 6.5
301-350 176 110 18.3 9.6
351-400 146 69 11.5 12.7
401-450 104 37 6.2 16.9
451-500 65 28 4.7 13.9
501-550 49 9 1.5 32.7
551-600 66 8 1.3 49.5
601-700 72 7 1.2 61.7
701-800 33 8 1.3 24.8
801-900 20 2 0.3 60.0
901-1000 9 0 0.0
1001-2000 27 4 0.7 40.52001+ 6 0 0.0
South Virginia Beach ( Areas 44-48)Absorption Rates Apr 2010
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
Months to Absorb
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 11/1/09-4/30/10 Per Month
150-200 252 190 31.7 8.0
201-250 203 138 23.0 8.8
251-300 164 111 18.5 8.9
301-350 126 73 12.2 10.4
351-400 155 66 11.0 14.1
401-450 73 30 5.0 14.6
451-500 79 17 2.8 27.9
501-550 44 17 2.8 15.5
551-600 62 10 1.7 37.2
601-700 99 22 3.7 27.0
701-800 71 23 3.8 18.5
801-900 53 13 2.2 24.5
901-1000 32 6 1.0 32.0
1001-2000 110 19 3.2 34.72001+ 38 3 0.5 76.0
North Virginia Beach ( Areas 41-43)
Absorption Rates Apr 2010
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0Months to Absorb