Absorption Report


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 18% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.3 0
101k-125k 2 0.3 0
126k-150k 2 4 1 0.3 3
151k-175k 3 1 0.5 0
176k-200k 4 0.7 0
201k-225k 9 1.5 0
226k-250k 2 22 3 1.8 0.5
251k-275k 10 20 1 0.3 3
276k-300k 11 23 0.3 2.9
301k-325k 15 38 7 0.4 2.4
326k-350k 22 38 4 0.3 3.5
351k-375k 18 47 5 0.4 2.3
376k-400k 35 69 10 0.3 3
401k-425k 12 35 3 0.5 2.1
426k-450k 19 26 1 0.2 4.4
451k-475k 9 16 1 0.3 3.4
476k-500k 18 33 4 0.3 3.3
501k-550k 32 44 6 0.2 4.4
551k-600k 31 36 8 0.2 5.2
601k-650k 29 30 4 0.2 5.8
651k-700k 17 24 4 0.2 4.3
701k-750k 16 13 2 0.1 7.4
751k-800k 9 12 1 0.2 4.5
801k-850k 7 5 0.1 8.4
851k-900k 9 13 0.2 4.2
901k-950k 9 6 1 0.1 9
951k-1m 6 5 0.1 7.2
1m-1.1m 7 5 1 0.1 8.4
1.1m-1.2m 12 13 0.2 5.5
1.2m-1.3m 6 6 0.2 6
1.3m-1.4m 5 3 0.1 10
1.4m-1.5m 4 6 1 0.3 4
1.5m-1.6m 1 4 0.7 1.5
1.6m-1.7m 6 2 0.1 18
1.7m-1.8m 3 0
1.8m-1.9m 2 1 0.1 12
1.9m-2m 3 0
2m-2.25m 6 0
2.25m-2.5m 3 3 0.2 6
2.5m-2.75m 4 2 0.1 12
2.75m-3m 2 0
3m-3.5m 4 1 0 24
3.5m-4m 1 0
5.01m-6m 1 0

Townhouses 12% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
201k-225k 2 0.3 0
226k-250k 1 0
251k-275k 2 3 0.3 4
276k-300k 9 1.5 0
301k-325k 5 5 0.2 6
326k-350k 9 10 1 0.2 5.4
351k-375k 6 0
376k-400k 10 3 0.1 20
401k-425k 1 0
451k-475k 1 0.2 0
476k-500k 2 0
501k-550k 1 1 1 0.2 6

Condos 21% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 1 0.2 6
226k-250k 5 2 0.1 15
276k-300k 2 2 1 0.2 6
301k-325k 2 0.3 0
326k-350k 1 0
801k-850k 1 0

Land 15% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 6 2 0.5 2
26k-50k 5 8 3 0.3 3.8
51k-75k 8 7 4 0.1 6.9
76k-100k 11 4 0.1 16.5
101k-125k 13 5 0.1 15.6
126k-150k 9 6 2 0.1 9
151k-175k 8 4 2 0.1 12
176k-200k 9 4 0.1 13.5
201k-225k 9 0
226k-250k 5 0
251k-275k 3 0.5 0
276k-300k 5 2 0.1 15
301k-325k 1 1 0.2 6
326k-350k 1 2 0.3 3
351k-375k 4 2 0.1 12
376k-400k 5 4 0.1 7.5
401k-425k 2 1 0.1 12
451k-475k 1 0
476k-500k 1 1 1 0.2 6
501k-550k 4 0
551k-600k 1 1 0.2 6
601k-650k 3 3 1 0.2 6
651k-700k 3 1 0.1 18
701k-750k 1 1 0.2 6
751k-800k 1 0.2 0
851k-900k 2 0
901k-950k 3 1 1 0.1 18
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 3 0
1.4m-1.5m 2 0
2.25m-2.5m 1 0
3m-3.5m 1 0
5.01m-6m 1 0
6.01m-7m 2 0