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 Last 6 Months 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 0.2 0
76k-100k 2 1 0.3 0
101k-125k 2 1 1 0.1 12
126k-150k 2 1 0.1 12
151k-175k 1 5 1 0.8 1.2
176k-200k 3 11 3 0.6 1.6
201k-225k 5 6 1 0.2 5
226k-250k 3 17 4 0.9 1.1
251k-275k 11 26 2 0.4 2.5
276k-300k 18 38 5 0.4 2.8
301k-325k 12 29 3 0.4 2.5
326k-350k 29 57 7 0.3 3.1
351k-375k 26 41 7 0.3 3.8
376k-400k 21 37 6 0.3 3.4
401k-425k 11 26 3 0.4 2.5
426k-450k 11 17 1 0.3 3.9
451k-475k 11 14 2 0.2 4.7
476k-500k 16 10 1 0.1 9.6
501k-550k 8 18 1 0.4 2.7
551k-600k 12 14 1 0.2 5.1
601k-650k 9 6 2 0.1 9
651k-700k 4 7 1 0.3 3.4
701k-750k 2 6 1 0.5 2
751k-800k 1 3 1 0.5 2
801k-850k 4 0
901k-950k 1 0
951k-1m 1 0.2 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 3 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Townhouses 40% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
151k-175k 1 0.2 0
176k-200k 1 3 0.5 2
201k-225k 4 9 1 0.4 2.7
226k-250k 3 3 0.2 6
251k-275k 2 12 5 1 1
276k-300k 3 10 2 0.6 1.8
301k-325k 1 0
326k-350k 1 0
351k-375k 1 1 0.2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 2 3 0.3 4
251k-275k 3 0.5 0
276k-300k 2 2 0.2 6

Land 14% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 0.5 0
26k-50k 3 2 1 0.1 9
51k-75k 24 4 0 36
76k-100k 3 2 0.1 9
101k-125k 1 2 1 0.3 3
126k-150k 1 2 0.3 3
151k-175k 4 1 0 24
176k-200k 2 2 1 0.2 6
201k-225k 2 0
226k-250k 3 2 1 0.1 9
251k-275k 1 0.2 0
276k-300k 3 1 1 0.1 18
326k-350k 1 1 0.2 6
351k-375k 2 1 0.1 12
426k-450k 1 0
601k-650k 1 0.2 0
651k-700k 1 0
701k-750k 2 1 0.1 12
751k-800k 1 0.2 0
851k-900k 1 0
951k-1m 1 1 0.2 6
1m-1.1m 1 0
1.1m-1.2m 3 2 1 0.1 9
1.4m-1.5m 1 0
1.9m-2m 1 0
2.75m-3m 1 0
4m-4.5m 1 0