Absorption Report

Rome, Downing


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 30% 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 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 0
151k-175k 1 8 1 1.3 0.8
176k-200k 1 6 1 1 1
201k-225k 2 13 1 1.1 0.9
226k-250k 3 15 1 0.8 1.2
251k-275k 17 55 6 0.5 1.9
276k-300k 31 77 10 0.4 2.4
301k-325k 23 70 9 0.5 2
326k-350k 34 98 14 0.5 2.1
351k-375k 50 99 13 0.3 3
376k-400k 81 128 22 0.3 3.8
401k-425k 55 70 7 0.2 4.7
426k-450k 34 69 11 0.3 3
451k-475k 29 43 6 0.2 4
476k-500k 15 42 14 0.5 2.1
501k-550k 23 40 11 0.3 3.5
551k-600k 17 30 5 0.3 3.4
601k-650k 12 5 2 0.1 14.4
651k-700k 5 2 0.1 15
701k-750k 4 9 1 0.4 2.7
751k-800k 3 0
801k-850k 4 1 0.7 0
851k-900k 1 0
901k-950k 1 0
1.3m-1.4m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
3.5m-4m 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
201k-225k 1 0
251k-275k 2 0
276k-300k 1 0
301k-325k 1 3 1 0.5 2
326k-350k 1 0

Condos NAN% 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
251k-275k 2 0.3 0

Land 11% 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 1 1 0.2 6
26k-50k 10 2 0 30
51k-75k 10 9 1 0.2 6.7
76k-100k 6 2 0.1 18
101k-125k 5 2 0.1 15
126k-150k 3 1 0.1 18
151k-175k 3 3 3 0.2 6
176k-200k 6 1 0 36
201k-225k 3 0
226k-250k 5 1 0 30
251k-275k 2 0
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 1 0.2 0
376k-400k 1 1 0.2 6
426k-450k 2 0
451k-475k 1 0
501k-550k 1 1 0.2 6
551k-600k 4 0
701k-750k 1 0.2 0
751k-800k 1 0
801k-850k 1 0
951k-1m 2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 2 0.3 3
3m-3.5m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
6.01m-7m 1 0