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 18% 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
51k-75k 1 1 0.2 6
101k-125k 3 0.5 0
126k-150k 1 1 0.2 6
151k-175k 1 4 0.7 1.5
176k-200k 1 4 2 0.7 1.5
201k-225k 1 9 1 1.5 0.7
226k-250k 10 17 3 0.3 3.5
251k-275k 12 20 1 0.3 3.6
276k-300k 21 28 6 0.2 4.5
301k-325k 27 25 6 0.2 6.5
326k-350k 31 27 2 0.1 6.9
351k-375k 19 11 0.1 10.4
376k-400k 18 12 3 0.1 9
401k-425k 18 7 2 0.1 15.4
426k-450k 8 8 2 0.2 6
451k-475k 10 7 1 0.1 8.6
476k-500k 10 9 1 0.2 6.7
501k-550k 7 10 3 0.2 4.2
551k-600k 5 10 3 0.3 3
601k-650k 5 5 0.2 6
651k-700k 6 2 0.1 18
701k-750k 2 3 0.3 4
751k-800k 2 1 0.1 12
851k-900k 3 1 0.1 18
901k-950k 2 0
951k-1m 1 1 0.2 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0

Townhouses 14% 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 1 1 0.2 6
251k-275k 4 6 0.3 4
276k-300k 4 9 0.4 2.7
301k-325k 1 2 0.3 3
351k-375k 1 0
376k-400k 1 0

Land 7% 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 11 5 0.1 13.2
26k-50k 2 4 0.3 3
51k-75k 6 2 0.1 18
76k-100k 4 0
101k-125k 4 1 0 24
126k-150k 6 2 1 0.1 18
151k-175k 1 0.2 0
176k-200k 1 0
201k-225k 1 0
226k-250k 1 0
251k-275k 1 0.2 0
326k-350k 1 1 0.2 0
501k-550k 1 2 1 0.3 3
651k-700k 1 0
901k-950k 1 0
1.1m-1.2m 1 0
2.75m-3m 1 0