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 31% 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
76k-100k 3 1 0.5 0
101k-125k 2 0.3 0
126k-150k 3 1 0.5 0
151k-175k 6 9 2 0.3 4
176k-200k 16 19 5 0.2 5.1
201k-225k 21 33 10 0.3 3.8
226k-250k 22 57 10 0.4 2.3
251k-275k 41 58 17 0.2 4.2
276k-300k 33 62 12 0.3 3.2
301k-325k 17 31 2 0.3 3.3
326k-350k 16 23 3 0.2 4.2
351k-375k 26 33 7 0.2 4.7
376k-400k 27 40 5 0.2 4.1
401k-425k 12 10 1 0.1 7.2
426k-450k 5 5 1 0.2 6
451k-475k 1 2 0.3 3
476k-500k 1 2 0.3 3
501k-550k 2 1 0.1 12
601k-650k 1 0.2 0
651k-700k 2 0
751k-800k 2 1 0.1 12
801k-850k 1 0
851k-900k 1 0.2 0
1m-1.1m 1 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 1 0.2 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
26k-50k 1 0
76k-100k 1 2 0.3 3
101k-125k 1 0.2 0
126k-150k 3 2 0.1 9
151k-175k 5 0
176k-200k 16 9 3 0.1 10.7
201k-225k 9 8 2 0.1 6.8
226k-250k 10 19 2 0.3 3.2
251k-275k 9 5 1 0.1 10.8
276k-300k 13 15 1 0.2 5.2
301k-325k 22 22 1 0.2 6
326k-350k 2 1 0.1 12

Condos 12% 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 1 0.3 0
51k-75k 2 0.3 0
76k-100k 5 2 1 0.1 15
101k-125k 10 9 1 0.2 6.7
126k-150k 13 3 1 0 26
151k-175k 2 2 0.2 6
176k-200k 1 1 0.2 0
251k-275k 1 0.2 0

Land 5% 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 7 2 0 21
26k-50k 9 5 1 0.1 10.8
51k-75k 2 1 0.1 12
76k-100k 7 2 0 21
101k-125k 1 0
126k-150k 1 1 0.2 6
226k-250k 1 0
251k-275k 1 0
276k-300k 2 0
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
426k-450k 1 0
476k-500k 1 0
551k-600k 1 0
1.2m-1.3m 1 0
1.9m-2m 1 1 0.2 0
3m-3.5m 1 0