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 0% 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
51k-75k 1 1 0.2 0
76k-100k 2 5 1 0.4 2.4
101k-125k 13 1 2.2 0
126k-150k 3 12 2 0.7 1.5
151k-175k 12 24 1 0.3 3
176k-200k 16 19 4 0.2 5.1
201k-225k 15 50 4 0.6 1.8
226k-250k 20 66 10 0.6 1.8
251k-275k 24 52 9 0.4 2.8
276k-300k 37 83 6 0.4 2.7
301k-325k 17 67 9 0.7 1.5
326k-350k 33 55 5 0.3 3.6
351k-375k 25 62 6 0.4 2.4
376k-400k 36 59 8 0.3 3.7
401k-425k 32 67 2 0.3 2.9
426k-450k 37 41 4 0.2 5.4
451k-475k 17 25 6 0.2 4.1
476k-500k 23 25 5 0.2 5.5
501k-550k 30 50 3 0.3 3.6
551k-600k 22 33 3 0.3 4
601k-650k 13 26 4 0.3 3
651k-700k 11 17 1 0.3 3.9
701k-750k 7 12 0.3 3.5
751k-800k 9 20 2 0.4 2.7
801k-850k 7 12 1 0.3 3.5
851k-900k 8 11 0.2 4.4
901k-950k 4 7 1 0.3 3.4
951k-1m 5 4 0.1 7.5
1m-1.1m 3 7 2 0.4 2.6
1.1m-1.2m 4 6 0.3 4
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 3 0.5 0
1.4m-1.5m 3 3 2 0.2 6
1.5m-1.6m 5 1 0 30
1.7m-1.8m 1 0
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0.2 0
3m-3.5m 1 0.2 0

Townhouses 0% 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
76k-100k 2 0
101k-125k 1 0.2 0
126k-150k 3 6 0.3 3
151k-175k 5 16 3 0.5 1.9
176k-200k 12 18 0.3 4
201k-225k 12 15 0.2 4.8
226k-250k 6 7 0.2 5.1
251k-275k 3 11 0.6 1.6
276k-300k 1 0
301k-325k 2 0.3 0
326k-350k 1 0.2 0
376k-400k 1 0.2 0
401k-425k 1 1 0.2 0
476k-500k 1 0

Condos 0% 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
26k-50k 1 0.2 0
51k-75k 1 1 0.2 6
76k-100k 21 16 1 0.1 7.9
101k-125k 11 26 1 0.4 2.5
126k-150k 15 32 3 0.4 2.8
151k-175k 28 38 3 0.2 4.4
176k-200k 40 39 1 0.2 6.2
201k-225k 20 26 1 0.2 4.6
226k-250k 19 16 1 0.1 7.1
251k-275k 12 15 1 0.2 4.8
276k-300k 4 6 0.3 4
301k-325k 4 3 1 0.1 8
326k-350k 6 4 0.1 9
351k-375k 3 6 0.3 3
376k-400k 1 3 0.5 2
401k-425k 2 1 0.1 12
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
701k-750k 4 1 0 24

Land 0% 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 3 10 0.6 1.8
26k-50k 3 7 0.4 2.6
51k-75k 3 4 0.2 4.5
76k-100k 7 4 0.1 10.5
101k-125k 3 2 0.1 9
126k-150k 3 3 1 0.2 6
151k-175k 6 4 0.1 9
176k-200k 6 1 1 0 36
201k-225k 1 0
226k-250k 5 2 0.1 15
251k-275k 5 2 0.1 15
276k-300k 6 2 1 0.1 18
301k-325k 3 1 0.1 18
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
426k-450k 1 0
451k-475k 2 0
476k-500k 1 0
501k-550k 2 0
551k-600k 1 0
601k-650k 3 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 1 0.2 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 2 0.3 3
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 2 0.3 3
2.75m-3m 3 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 1 0
6.01m-7m 2 0