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
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 2 0.3 0
101k-125k 1 0.2 0
126k-150k 5 2 0.8 0
151k-175k 3 9 3 0.5 2
176k-200k 1 8 1 1.3 0.8
201k-225k 11 19 1 0.3 3.5
226k-250k 31 55 9 0.3 3.4
251k-275k 36 67 11 0.3 3.2
276k-300k 37 87 16 0.4 2.6
301k-325k 34 65 5 0.3 3.1
326k-350k 37 65 6 0.3 3.4
351k-375k 28 66 4 0.4 2.5
376k-400k 36 54 8 0.3 4
401k-425k 25 26 3 0.2 5.8
426k-450k 19 37 8 0.3 3.1
451k-475k 8 21 4 0.4 2.3
476k-500k 10 23 7 0.4 2.6
501k-550k 17 19 2 0.2 5.4
551k-600k 24 16 2 0.1 9
601k-650k 7 9 0.2 4.7
651k-700k 12 8 0.1 9
701k-750k 8 5 1 0.1 9.6
751k-800k 5 1 1 0 30
801k-850k 4 0
851k-900k 2 2 0.2 6
901k-950k 2 0.3 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.4m-1.5m 1 0.2 0
2.25m-2.5m 1 0
6.01m-7m 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
151k-175k 3 2 0.1 9
201k-225k 2 1 0.3 0
251k-275k 1 0.2 0
276k-300k 3 3 0.2 6
301k-325k 6 10 1 0.3 3.6
326k-350k 6 5 2 0.1 7.2
351k-375k 2 0
376k-400k 6 0

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
126k-150k 1 0.2 0
176k-200k 1 0
301k-325k 2 0.3 0
326k-350k 1 0
376k-400k 3 0
401k-425k 1 0

Land 15% 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 1 0.2 6
26k-50k 8 6 2 0.1 8
51k-75k 6 8 1 0.2 4.5
76k-100k 3 1 0.1 18
101k-125k 1 1 0.2 6
126k-150k 2 2 0.2 6
151k-175k 1 1 0.2 6
176k-200k 2 2 1 0.2 6
201k-225k 1 0
251k-275k 2 0
276k-300k 1 0
351k-375k 1 1 0.2 6
376k-400k 2 0
426k-450k 2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 2 0
651k-700k 1 0
701k-750k 2 0
1m-1.1m 2 0
1.2m-1.3m 1 1 0.2 6
1.6m-1.7m 1 0.2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0