Absorption Report

Buchanan, Gilley


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 25% 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 8 0
276k-300k 1 0
326k-350k 1 1 0.2 0
351k-375k 1 0.2 0
376k-400k 1 0
451k-475k 1 0
501k-550k 1 1 0.2 6
551k-600k 1 3 2 0.5 2
601k-650k 3 9 1 0.5 2
651k-700k 5 13 1 0.4 2.3
701k-750k 8 11 1 0.2 4.4
751k-800k 9 16 3 0.3 3.4
801k-850k 2 13 2 1.1 0.9
851k-900k 10 15 1 0.3 4
901k-950k 5 10 1 0.3 3
951k-1m 5 18 2 0.6 1.7
1m-1.1m 6 26 5 0.7 1.4
1.1m-1.2m 8 23 6 0.5 2.1
1.2m-1.3m 8 20 2 0.4 2.4
1.3m-1.4m 8 15 4 0.3 3.2
1.4m-1.5m 10 17 2 0.3 3.5
1.5m-1.6m 9 18 6 0.3 3
1.6m-1.7m 3 11 0.6 1.6
1.7m-1.8m 2 15 4 1.3 0.8
1.8m-1.9m 5 11 1 0.4 2.7
1.9m-2m 3 4 1 0.2 4.5
2m-2.25m 8 21 2 0.4 2.3
2.25m-2.5m 11 23 3 0.3 2.9
2.5m-2.75m 12 12 1 0.2 6
2.75m-3m 14 8 2 0.1 10.5
3m-3.5m 16 7 1 0.1 13.7
3.5m-4m 16 7 0.1 13.7
4m-4.5m 10 3 1 0.1 20
4.5m-5m 9 7 1 0.1 7.7
5.01m-6m 10 2 0 30
6.01m-7m 8 4 2 0.1 12
7.01m-8m 4 3 1 0.1 8
8.01m-9m 2 0
9.01m-10m 2 1 0.3 0
10.01m-11m 1 0
12.01m-13m 1 1 0.2 6
34.01m-35m 1 1 0.2 0

Townhouses 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
1k-25k 2 0
226k-250k 1 0.2 0
251k-275k 3 0.5 0
276k-300k 2 1 0.1 12
301k-325k 2 3 0.3 4
326k-350k 4 5 1 0.2 4.8
351k-375k 11 14 0.2 4.7
376k-400k 6 14 2 0.4 2.6
401k-425k 1 5 1 0.8 1.2
426k-450k 1 5 1 0.8 1.2
451k-475k 10 4 1.7 0
476k-500k 1 7 1.2 0.9
501k-550k 4 7 1 0.3 3.4
551k-600k 1 10 1 1.7 0.6
601k-650k 3 8 1 0.4 2.3
651k-700k 3 12 2 0.7 1.5
701k-750k 6 3 0.1 12
751k-800k 5 5 0.2 6
801k-850k 5 1 0 30
851k-900k 7 3 0.1 14
901k-950k 4 4 0.2 6
951k-1m 3 1 0.1 18
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 1 3 0.5 2
1.3m-1.4m 3 2 0.1 9
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 2 0
2.25m-2.5m 1 1 0.2 0
2.5m-2.75m 1 1 0.2 6
3m-3.5m 1 0.2 0
3.5m-4m 1 0.2 0
4m-4.5m 1 0

Condos 17% 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 5 0
126k-150k 2 1 0.3 0
151k-175k 7 6 1 0.1 7
176k-200k 17 26 1 0.3 3.9
201k-225k 16 23 3 0.2 4.2
226k-250k 23 25 4 0.2 5.5
251k-275k 34 29 4 0.1 7
276k-300k 43 31 8 0.1 8.3
301k-325k 30 28 5 0.2 6.4
326k-350k 26 32 2 0.2 4.9
351k-375k 13 17 3 0.2 4.6
376k-400k 20 17 4 0.1 7.1
401k-425k 14 18 1 0.2 4.7
426k-450k 14 12 1 0.1 7
451k-475k 6 10 1 0.3 3.6
476k-500k 6 12 3 0.3 3
501k-550k 10 8 1 0.1 7.5
551k-600k 11 9 0.1 7.3
601k-650k 5 8 2 0.3 3.8
651k-700k 8 6 2 0.1 8
701k-750k 13 8 0.1 9.8
751k-800k 3 5 1 0.3 3.6
801k-850k 4 3 0.1 8
851k-900k 2 2 1 0.2 6
901k-950k 2 3 2 0.3 4
951k-1m 4 2 2 0.1 12
1m-1.1m 1 6 1 1
1.1m-1.2m 7 5 1 0.1 8.4
1.2m-1.3m 4 3 0.1 8
1.3m-1.4m 1 0.2 0
1.4m-1.5m 5 2 2 0.1 15
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 1 3 1 0.5 2
1.7m-1.8m 1 0.2 0
1.9m-2m 2 1 0.1 12
2m-2.25m 3 2 1 0.1 9
2.25m-2.5m 5 1 0 30
2.5m-2.75m 1 0
2.75m-3m 2 1 1 0.1 12
3m-3.5m 2 0
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0
4.5m-5m 5 0
5.01m-6m 1 0
10.01m-11m 1 0
13.01m-14m 1 0

Land 6% 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 1 0
126k-150k 1 0
426k-450k 1 0
476k-500k 1 0
501k-550k 1 0.2 0
551k-600k 1 0
651k-700k 1 1 0.2 6
701k-750k 1 2 1 0.3 3
751k-800k 1 0
801k-850k 5 1 0 30
851k-900k 1 0
951k-1m 1 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0.2 0
3.5m-4m 3 0
5.01m-6m 1 0
6.01m-7m 1 0
14.01m-15m 1 1 0.2 0