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 24% 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 0.2 0
101k-125k 1 3 0.5 2
126k-150k 4 2 0.7 0
151k-175k 2 8 0.7 1.5
176k-200k 3 9 3 0.5 2
201k-225k 8 18 4 0.4 2.7
226k-250k 13 42 9 0.5 1.9
251k-275k 49 83 17 0.3 3.5
276k-300k 72 133 19 0.3 3.2
301k-325k 50 100 19 0.3 3
326k-350k 64 137 26 0.4 2.8
351k-375k 65 124 19 0.3 3.1
376k-400k 101 139 15 0.2 4.4
401k-425k 58 79 9 0.2 4.4
426k-450k 76 79 8 0.2 5.8
451k-475k 38 50 5 0.2 4.6
476k-500k 40 66 9 0.3 3.6
501k-550k 48 67 7 0.2 4.3
551k-600k 33 31 4 0.2 6.4
601k-650k 21 13 2 0.1 9.7
651k-700k 9 10 5 0.2 5.4
701k-750k 10 4 0.1 15
751k-800k 5 4 1 0.1 7.5
801k-850k 2 2 1 0.2 6
851k-900k 3 2 0.1 9
901k-950k 1 2 0.3 3
951k-1m 2 6 1 0.5 2
1m-1.1m 2 4 0.3 3
1.1m-1.2m 8 1 0 48
1.2m-1.3m 4 1 1 0 24
1.3m-1.4m 3 0
1.4m-1.5m 2 1 1 0.1 12
1.5m-1.6m 2 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 2 1 0.3 3
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 0
2m-2.25m 2 1 1 0.1 12
2.25m-2.5m 1 1 0.2 6
2.75m-3m 1 0
10.01m-11m 1 0
34.01m-35m 1 0

Townhouses 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
201k-225k 1 1 0.2 6
226k-250k 3 1 0.1 18
251k-275k 6 6 2 0.2 6
276k-300k 1 4 2 0.7 1.5
301k-325k 6 4 1 0.1 9
326k-350k 2 2 0.2 6
451k-475k 1 1 0.2 0
476k-500k 1 0
501k-550k 1 0.2 0

Land 9% 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 5 10 0.3 3
26k-50k 21 6 0 21
51k-75k 21 7 0.1 18
76k-100k 12 4 2 0.1 18
101k-125k 9 4 0.1 13.5
126k-150k 3 2 0.1 9
151k-175k 4 5 1 0.2 4.8
176k-200k 5 7 1 0.2 4.3
201k-225k 5 2 0.1 15
226k-250k 7 3 0.1 14
251k-275k 4 0
276k-300k 5 0
326k-350k 1 0.2 0
351k-375k 3 0
376k-400k 1 0
401k-425k 1 1 0.2 6
426k-450k 2 1 1 0.1 12
451k-475k 1 0
476k-500k 2 0
501k-550k 2 0
601k-650k 1 0
651k-700k 1 0
851k-900k 1 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 1 1 0.2 6
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.6m-1.7m 1 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0.2 0
2.75m-3m 2 0
3m-3.5m 1 0
4m-4.5m 2 0
5.01m-6m 1 0
34.01m-35m 1 0