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 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
51k-75k 1 0.2 0
76k-100k 1 1 0.2 6
126k-150k 2 0.3 0
176k-200k 1 7 1 1.2 0.9
201k-225k 3 4 1 0.2 4.5
226k-250k 8 19 3 0.4 2.5
251k-275k 10 27 4 0.5 2.2
276k-300k 33 45 9 0.2 4.4
301k-325k 26 35 2 0.2 4.5
326k-350k 31 49 7 0.3 3.8
351k-375k 17 24 4 0.2 4.3
376k-400k 20 29 4 0.2 4.1
401k-425k 26 23 0.1 6.8
426k-450k 21 25 1 0.2 5
451k-475k 23 13 3 0.1 10.6
476k-500k 25 16 3 0.1 9.4
501k-550k 39 20 3 0.1 11.7
551k-600k 26 18 2 0.1 8.7
601k-650k 10 10 0.2 6
651k-700k 6 3 0.1 12
701k-750k 7 5 0.1 8.4
751k-800k 3 0
801k-850k 4 1 1 0 24
851k-900k 2 0
901k-950k 2 0
951k-1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 0

Townhouses 28% 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 1 1 0.2 0
176k-200k 2 2 0.2 6
201k-225k 2 7 0.6 1.7
226k-250k 4 2 0.1 12
251k-275k 3 2 0.1 9
276k-300k 6 13 5 0.4 2.8
301k-325k 16 42 2 0.4 2.3
326k-350k 1 8 1 1.3 0.8
351k-375k 5 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
151k-175k 1 0.2 0
301k-325k 3 0

Land 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
26k-50k 3 3 1 0.2 6
51k-75k 4 2 0.1 12
76k-100k 3 3 1 0.2 6
101k-125k 2 0
176k-200k 1 0
201k-225k 1 0
276k-300k 1 1 1 0.2 6
401k-425k 1 0.2 0
476k-500k 1 0.2 0
551k-600k 1 0
851k-900k 1 0
951k-1m 1 0
1.5m-1.6m 1 0