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 26% 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
51k-75k 1 0
76k-100k 1 2 0.3 3
101k-125k 1 1 0.2 6
126k-150k 4 1 0.7 0
151k-175k 1 7 2 1.2 0.9
176k-200k 8 17 2 0.4 2.8
201k-225k 9 17 1 0.3 3.2
226k-250k 14 36 6 0.4 2.3
251k-275k 24 54 7 0.4 2.7
276k-300k 31 35 9 0.2 5.3
301k-325k 20 26 5 0.2 4.6
326k-350k 23 30 5 0.2 4.6
351k-375k 21 35 7 0.3 3.6
376k-400k 28 28 3 0.2 6
401k-425k 11 8 0.1 8.3
426k-450k 12 18 4 0.3 4
451k-475k 10 5 2 0.1 12
476k-500k 4 12 6 0.5 2
501k-550k 17 8 1 0.1 12.8
551k-600k 15 10 2 0.1 9
601k-650k 8 7 1 0.1 6.9
651k-700k 6 5 1 0.1 7.2
701k-750k 4 4 1 0.2 6
751k-800k 2 6 1 0.5 2
801k-850k 3 1 0.1 18
851k-900k 2 4 2 0.3 3
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 1 0.2 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Townhouses 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
101k-125k 1 0.2 0
126k-150k 2 2 1 0.2 6
151k-175k 2 1 0.3 0
176k-200k 1 4 1 0.7 1.5
201k-225k 3 4 0.2 4.5
226k-250k 5 2 0.1 15
251k-275k 3 2 1 0.1 9
276k-300k 8 12 1 0.3 4
301k-325k 14 9 1 0.1 9.3
326k-350k 10 10 1 0.2 6
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 2 2 0.2 6
151k-175k 2 0.3 0
276k-300k 1 0.2 0
301k-325k 2 1 0.1 12

Land 6% 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 10 4 0.1 15
26k-50k 11 4 0.1 16.5
51k-75k 10 1 0 60
76k-100k 17 2 0 51
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 2 0
551k-600k 1 0
951k-1m 1 0
1m-1.1m 1 0