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 23% 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
76k-100k 2 2 1 0.2 6
101k-125k 1 1 0.2 6
126k-150k 1 3 1 0.5 2
151k-175k 7 2 1.2 0
176k-200k 7 17 3 0.4 2.5
201k-225k 8 18 2 0.4 2.7
226k-250k 12 37 4 0.5 1.9
251k-275k 32 53 3 0.3 3.6
276k-300k 37 35 7 0.2 6.3
301k-325k 22 24 4 0.2 5.5
326k-350k 28 33 8 0.2 5.1
351k-375k 23 34 4 0.2 4.1
376k-400k 25 32 3 0.2 4.7
401k-425k 7 10 1 0.2 4.2
426k-450k 10 17 3 0.3 3.5
451k-475k 11 4 1 0.1 16.5
476k-500k 7 10 4 0.2 4.2
501k-550k 19 9 1 0.1 12.7
551k-600k 14 11 2 0.1 7.6
601k-650k 9 6 0.1 9
651k-700k 6 4 0.1 9
701k-750k 6 5 1 0.1 7.2
751k-800k 4 7 0.3 3.4
801k-850k 3 2 0.1 9
851k-900k 2 3 1 0.3 4
901k-950k 2 3 0.3 4
1.1m-1.2m 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 1 0.2 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Townhouses 19% 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
101k-125k 1 0.2 0
126k-150k 2 2 1 0.2 6
151k-175k 2 1 0.3 0
176k-200k 4 1 0.7 0
201k-225k 4 3 0.1 8
226k-250k 6 3 0.1 12
251k-275k 3 2 1 0.1 9
276k-300k 10 10 0.2 6
301k-325k 19 9 1 0.1 12.7
326k-350k 12 9 0.1 8
351k-375k 1 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
101k-125k 2 0
126k-150k 3 1 0.1 18
151k-175k 2 0.3 0
276k-300k 1 0.2 0
301k-325k 2 1 0.1 12

Land 7% 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 8 4 0.1 12
26k-50k 10 6 0.1 10
51k-75k 8 1 0 48
76k-100k 16 2 0 48
101k-125k 13 0
126k-150k 1 0
176k-200k 1 1 0.2 6
201k-225k 1 0
251k-275k 1 0
276k-300k 3 1 0.1 18
326k-350k 3 1 0.1 18
401k-425k 1 0
426k-450k 1 0
476k-500k 3 0
501k-550k 3 0
551k-600k 1 0
951k-1m 1 0