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 28% 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 2 5 0.4 2.4
51k-75k 6 9 2 0.3 4
76k-100k 7 11 1 0.3 3.8
101k-125k 2 4 0.3 3
126k-150k 1 17 2 2.8 0.4
151k-175k 8 18 1 0.4 2.7
176k-200k 19 38 8 0.3 3
201k-225k 13 27 7 0.3 2.9
226k-250k 19 31 3 0.3 3.7
251k-275k 15 36 5 0.4 2.5
276k-300k 22 36 6 0.3 3.7
301k-325k 11 26 7 0.4 2.5
326k-350k 8 10 3 0.2 4.8
351k-375k 6 6 0.2 6
376k-400k 10 11 0.2 5.5
401k-425k 4 7 1 0.3 3.4
426k-450k 3 2 0.1 9
451k-475k 5 3 0.1 10
476k-500k 7 2 1 0 21
501k-550k 1 3 0.5 2
551k-600k 2 3 0.3 4
601k-650k 3 2 0.1 9
651k-700k 4 3 0.1 8
701k-750k 1 6 2 1 1
751k-800k 2 0.3 0
801k-850k 3 1 0.1 18
851k-900k 3 0
901k-950k 2 0
951k-1m 1 0
1m-1.1m 1 0.2 0
1.2m-1.3m 1 1 1 0.2 6
1.5m-1.6m 1 1 0.2 0
1.6m-1.7m 2 0

Townhouses 5% 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
226k-250k 1 0
251k-275k 11 0
276k-300k 3 0
301k-325k 2 0
326k-350k 1 0.2 0
701k-750k 1 0

Condos 100% 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 2 1 0.3 0
251k-275k 1 0.2 0
276k-300k 1 0.2 0
501k-550k 1 1 0.2 0

Land 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 11 20 3 0.3 3.3
26k-50k 18 8 0.1 13.5
51k-75k 8 5 2 0.1 9.6
76k-100k 2 0
101k-125k 4 1 0 24
126k-150k 3 1 1 0.1 18
151k-175k 1 0
251k-275k 1 0.2 0
326k-350k 1 0.2 0
476k-500k 2 1 0.1 12
501k-550k 1 0
601k-650k 1 0