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 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 1 0
51k-75k 2 1 0.3 0
76k-100k 1 0
101k-125k 1 2 0.3 3
126k-150k 2 4 0.3 3
151k-175k 5 2 0.8 0
176k-200k 2 7 1 0.6 1.7
201k-225k 1 10 1.7 0.6
226k-250k 1 21 3 3.5 0.3
251k-275k 11 27 2 0.4 2.4
276k-300k 14 41 7 0.5 2
301k-325k 19 53 8 0.5 2.2
326k-350k 31 59 7 0.3 3.2
351k-375k 21 69 7 0.5 1.8
376k-400k 56 115 19 0.3 2.9
401k-425k 35 63 5 0.3 3.3
426k-450k 33 72 9 0.4 2.8
451k-475k 23 36 8 0.3 3.8
476k-500k 32 58 7 0.3 3.3
501k-550k 51 88 14 0.3 3.5
551k-600k 43 66 17 0.3 3.9
601k-650k 47 56 6 0.2 5
651k-700k 31 48 7 0.3 3.9
701k-750k 27 26 5 0.2 6.2
751k-800k 16 22 1 0.2 4.4
801k-850k 13 9 0.1 8.7
851k-900k 15 15 1 0.2 6
901k-950k 10 11 2 0.2 5.5
951k-1m 8 9 1 0.2 5.3
1m-1.1m 12 10 3 0.1 7.2
1.1m-1.2m 16 12 2 0.1 8
1.2m-1.3m 15 6 1 0.1 15
1.3m-1.4m 8 4 0.1 12
1.4m-1.5m 5 10 1 0.3 3
1.5m-1.6m 1 5 1 0.8 1.2
1.6m-1.7m 9 1 0 54
1.7m-1.8m 5 3 0.1 10
1.8m-1.9m 2 1 0.1 12
1.9m-2m 4 2 0.1 12
2m-2.25m 5 0
2.25m-2.5m 4 2 0.1 12
2.5m-2.75m 3 1 0.1 18
2.75m-3m 3 0
3m-3.5m 5 1 0 30
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 2 0

Townhouses 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
176k-200k 1 0
201k-225k 2 0.3 0
226k-250k 1 4 0.7 1.5
251k-275k 3 8 1 0.4 2.3
276k-300k 11 23 2 0.3 2.9
301k-325k 12 20 2 0.3 3.6
326k-350k 18 18 2 0.2 6
351k-375k 14 2 0 42
376k-400k 25 9 2 0.1 16.7
401k-425k 2 3 1 0.3 4
426k-450k 1 0
451k-475k 2 0.3 0
476k-500k 2 0
501k-550k 1 1 1 0.2 6

Condos 13% 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 3 0.5 0
201k-225k 3 2 0.1 9
226k-250k 5 2 0.1 15
276k-300k 2 3 1 0.3 4
301k-325k 2 0.3 0
326k-350k 1 4 0.7 1.5
351k-375k 1 2 0.3 3
376k-400k 1 0
801k-850k 1 0

Land 14% 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 5 2 0.4 2.4
26k-50k 6 10 4 0.3 3.6
51k-75k 8 11 4 0.2 4.4
76k-100k 28 8 2 0 21
101k-125k 17 7 1 0.1 14.6
126k-150k 14 9 2 0.1 9.3
151k-175k 9 7 2 0.1 7.7
176k-200k 13 7 1 0.1 11.1
201k-225k 9 1 0 54
226k-250k 7 0
251k-275k 5 2 0.8 0
276k-300k 5 4 0.1 7.5
301k-325k 1 0.2 0
326k-350k 2 1 0.1 12
351k-375k 3 3 0.2 6
376k-400k 6 2 0.1 18
401k-425k 3 0
426k-450k 1 0
451k-475k 1 1 1 0.2 6
476k-500k 9 1 1 0 54
501k-550k 5 0
551k-600k 3 1 0.1 18
601k-650k 3 3 1 0.2 6
651k-700k 4 1 0 24
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 4 0
901k-950k 5 1 1 0 30
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 1 1 0.2 0
1.3m-1.4m 3 0
1.4m-1.5m 4 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0