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 33% 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
176k-200k 1 0.2 0
201k-225k 2 0.3 0
226k-250k 4 2 0.7 0
251k-275k 1 21 3 3.5 0.3
276k-300k 10 22 4 0.4 2.7
301k-325k 22 50 9 0.4 2.6
326k-350k 48 105 15 0.4 2.7
351k-375k 37 136 25 0.6 1.6
376k-400k 72 179 25 0.4 2.4
401k-425k 45 123 20 0.5 2.2
426k-450k 53 109 7 0.3 2.9
451k-475k 47 90 9 0.3 3.1
476k-500k 40 83 12 0.3 2.9
501k-550k 50 128 14 0.4 2.3
551k-600k 37 66 14 0.3 3.4
601k-650k 19 51 7 0.4 2.2
651k-700k 10 27 5 0.5 2.2
701k-750k 13 13 4 0.2 6
751k-800k 5 6 0.2 5
801k-850k 5 7 0.2 4.3
851k-900k 2 4 0.3 3
901k-950k 2 0.3 0
951k-1m 1 1 0.2 6
1m-1.1m 3 0
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 4 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 3 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
3m-3.5m 1 0
9.01m-10m 1 0

Townhouses 28% 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
201k-225k 2 1 0.1 12
226k-250k 7 2 1.2 0
251k-275k 2 7 0.6 1.7
276k-300k 14 25 2 0.3 3.4
301k-325k 17 21 0.2 4.9
326k-350k 16 16 0.2 6
351k-375k 10 27 4 0.5 2.2
376k-400k 22 40 5 0.3 3.3
401k-425k 32 42 14 0.2 4.6
426k-450k 11 20 1 0.3 3.3
451k-475k 7 1 0 42
476k-500k 3 2 1 0.1 9
501k-550k 3 6 1 0.3 3

Condos 17% 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
201k-225k 1 0.2 0
226k-250k 2 3 0.3 4
251k-275k 2 0.3 0
276k-300k 3 2 0.1 9
301k-325k 2 0.3 0
326k-350k 1 1 0.2 6
351k-375k 1 2 0.3 3
376k-400k 1 3 0.5 2
401k-425k 1 0.2 0
426k-450k 2 0.3 0
451k-475k 1 1 0.2 6
2.25m-2.5m 1 0

Land 20% 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 4 0.3 3
51k-75k 5 2 0.1 15
76k-100k 3 4 1 0.2 4.5
101k-125k 2 1 0.1 12
126k-150k 1 0
151k-175k 4 1 0 24
176k-200k 4 0
226k-250k 2 1 0.1 12
251k-275k 1 0
276k-300k 3 0
301k-325k 1 0.2 0
326k-350k 1 0
376k-400k 1 0
426k-450k 1 0
501k-550k 1 1 0.2 0
551k-600k 2 0.3 0
651k-700k 2 1 0.1 12
801k-850k 1 1 0.2 6
901k-950k 1 0
951k-1m 1 0.2 0
1m-1.1m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0.2 0