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 24% 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 0.2 0
76k-100k 3 1 0.5 0
101k-125k 1 0.2 0
126k-150k 1 5 0.8 1.2
151k-175k 1 6 1 1 1
176k-200k 5 10 3 0.3 3
201k-225k 8 21 3 0.4 2.3
226k-250k 28 58 7 0.3 2.9
251k-275k 38 66 6 0.3 3.5
276k-300k 39 72 5 0.3 3.3
301k-325k 32 58 5 0.3 3.3
326k-350k 31 56 8 0.3 3.3
351k-375k 30 49 1 0.3 3.7
376k-400k 39 54 9 0.2 4.3
401k-425k 28 25 2 0.1 6.7
426k-450k 15 24 0.3 3.8
451k-475k 9 23 1 0.4 2.3
476k-500k 10 21 3 0.4 2.9
501k-550k 12 16 1 0.2 4.5
551k-600k 21 17 1 0.1 7.4
601k-650k 6 7 0.2 5.1
651k-700k 14 7 0.1 12
701k-750k 8 7 0.1 6.9
751k-800k 4 1 1 0 24
801k-850k 3 0
851k-900k 1 2 1 0.3 3
901k-950k 2 0.3 0
951k-1m 1 0
1m-1.1m 1 1 0.2 0
1.1m-1.2m 1 0
2.25m-2.5m 1 0
6.01m-7m 1 0

Townhouses 27% 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
151k-175k 2 2 1 0.2 6
201k-225k 1 0.2 0
251k-275k 1 2 1 0.3 3
276k-300k 2 4 1 0.3 3
301k-325k 5 9 1 0.3 3.3
326k-350k 1 4 1 0.7 1.5
351k-375k 2 0
376k-400k 6 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
126k-150k 1 0.2 0
151k-175k 1 0
176k-200k 2 0
301k-325k 1 0.2 0
326k-350k 1 0
376k-400k 3 0
401k-425k 1 0

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 1 1 0.2 6
26k-50k 9 5 0.1 10.8
51k-75k 7 6 0.1 7
76k-100k 3 1 0.1 18
101k-125k 1 0
126k-150k 2 2 0.2 6
151k-175k 1 2 0.3 3
176k-200k 3 1 0.1 18
201k-225k 2 0
251k-275k 2 0
276k-300k 1 0
351k-375k 1 1 0.2 6
376k-400k 2 0
426k-450k 3 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
701k-750k 2 0
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 1 1 0.2 6
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0