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 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 1 0.3 0
51k-75k 1 1 0.2 0
76k-100k 1 3 0.5 2
101k-125k 3 1 0.1 18
126k-150k 3 8 2 0.4 2.3
151k-175k 3 5 0.3 3.6
176k-200k 9 7 0.1 7.7
201k-225k 8 14 2 0.3 3.4
226k-250k 31 30 4 0.2 6.2
251k-275k 26 62 8 0.4 2.5
276k-300k 34 65 6 0.3 3.1
301k-325k 33 50 6 0.3 4
326k-350k 36 53 9 0.2 4.1
351k-375k 30 29 4 0.2 6.2
376k-400k 35 43 5 0.2 4.9
401k-425k 27 26 3 0.2 6.2
426k-450k 12 15 0.2 4.8
451k-475k 1 11 2 1.8 0.5
476k-500k 6 10 1 0.3 3.6
501k-550k 16 18 3 0.2 5.3
551k-600k 15 12 3 0.1 7.5
601k-650k 3 7 1 0.4 2.6
651k-700k 3 3 0.2 6
701k-750k 3 1 0.1 18
751k-800k 2 2 0.2 6
801k-850k 1 0.2 0
851k-900k 1 1 0.2 6
901k-950k 1 1 1 0.2 6
1m-1.1m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0.2 0
1.9m-2m 1 0
2.5m-2.75m 1 0

Townhouses 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 1 0.2 0
201k-225k 1 0
226k-250k 1 2 1 0.3 3
251k-275k 3 2 0.1 9
276k-300k 2 1 0.1 12

Condos 0% 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
301k-325k 1 0.2 0
326k-350k 1 0
351k-375k 1 0

Land 10% 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 1 0.1 12
26k-50k 7 5 0.1 8.4
51k-75k 5 2 0.1 15
76k-100k 12 3 0 24
101k-125k 4 0
126k-150k 7 2 1 0 21
151k-175k 4 0
176k-200k 2 0
201k-225k 1 0
226k-250k 4 1 0 24
276k-300k 3 0
301k-325k 1 0
326k-350k 1 0
351k-375k 2 0.3 0
401k-425k 1 0
451k-475k 1 0
476k-500k 2 0
601k-650k 1 0.2 0
651k-700k 1 0
751k-800k 2 0
851k-900k 1 0.2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.7m-1.8m 2 0.3 0
2.25m-2.5m 1 0