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 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
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 7 2 1.2 0
151k-175k 3 7 0.4 2.6
176k-200k 3 10 2 0.6 1.8
201k-225k 9 18 1 0.3 3
226k-250k 25 58 11 0.4 2.6
251k-275k 34 71 15 0.3 2.9
276k-300k 34 76 12 0.4 2.7
301k-325k 35 63 7 0.3 3.3
326k-350k 33 66 5 0.3 3
351k-375k 24 63 6 0.4 2.3
376k-400k 36 55 6 0.3 3.9
401k-425k 23 28 4 0.2 4.9
426k-450k 17 30 2 0.3 3.4
451k-475k 10 22 3 0.4 2.7
476k-500k 10 23 5 0.4 2.6
501k-550k 14 17 1 0.2 4.9
551k-600k 18 19 4 0.2 5.7
601k-650k 7 9 1 0.2 4.7
651k-700k 12 9 2 0.1 8
701k-750k 7 6 2 0.1 7
751k-800k 6 1 1 0 36
801k-850k 4 0
851k-900k 1 2 1 0.3 3
901k-950k 2 0.3 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
2.25m-2.5m 1 0
6.01m-7m 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
151k-175k 3 1 0.5 0
201k-225k 2 0.3 0
251k-275k 1 0.2 0
276k-300k 2 3 0.3 4
301k-325k 6 10 1 0.3 3.6
326k-350k 6 5 1 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 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
176k-200k 2 0
301k-325k 2 0.3 0
326k-350k 1 0
376k-400k 3 0
401k-425k 1 0

Land 11% 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 8 6 1 0.1 8
51k-75k 6 7 0.2 5.1
76k-100k 3 1 0.1 18
101k-125k 1 1 0.2 6
126k-150k 2 2 0.2 6
151k-175k 1 2 0.3 3
176k-200k 2 1 0.1 12
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