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 0.2 0
126k-150k 1 0.2 0
176k-200k 5 0.8 0
201k-225k 3 7 1 0.4 2.6
226k-250k 12 18 3 0.3 4
251k-275k 11 25 1 0.4 2.6
276k-300k 25 46 11 0.3 3.3
301k-325k 19 35 5 0.3 3.3
326k-350k 34 44 11 0.2 4.6
351k-375k 16 21 2 0.2 4.6
376k-400k 22 23 2 0.2 5.7
401k-425k 29 23 4 0.1 7.6
426k-450k 26 17 1 0.1 9.2
451k-475k 19 14 1 0.1 8.1
476k-500k 25 12 1 0.1 12.5
501k-550k 35 18 1 0.1 11.7
551k-600k 20 16 3 0.1 7.5
601k-650k 7 8 0.2 5.3
651k-700k 7 2 0 21
701k-750k 8 6 1 0.1 8
751k-800k 2 1 0.1 12
801k-850k 2 1 0.1 12
851k-900k 1 0
901k-950k 1 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
3m-3.5m 1 0

Townhouses 22% 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
176k-200k 2 2 0.2 6
201k-225k 6 1 1 0
226k-250k 2 6 0.5 2
251k-275k 1 1 0.2 6
276k-300k 11 8 2 0.1 8.3
301k-325k 8 30 3 0.6 1.6
326k-350k 3 8 1 0.4 2.3
351k-375k 9 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
301k-325k 2 0

Land 27% 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 2 0.1 9
51k-75k 5 2 1 0.1 15
76k-100k 2 2 0.2 6
101k-125k 1 0
276k-300k 1 1 0.2 6
401k-425k 1 0.2 0
451k-475k 1 0
476k-500k 1 0.2 0
501k-550k 1 0
551k-600k 1 0.2 0
701k-750k 1 0
851k-900k 1 0
951k-1m 2 0
1.5m-1.6m 1 0