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 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
101k-125k 1 0
151k-175k 1 1 0.2 0
176k-200k 1 0.2 0
201k-225k 1 3 1 0.5 2
226k-250k 1 7 1 1.2 0.9
251k-275k 12 16 1 0.2 4.5
276k-300k 22 34 5 0.3 3.9
301k-325k 14 56 4 0.7 1.5
326k-350k 41 57 7 0.2 4.3
351k-375k 26 39 4 0.3 4
376k-400k 21 46 13 0.4 2.7
401k-425k 16 23 4 0.2 4.2
426k-450k 7 32 2 0.8 1.3
451k-475k 11 16 0.2 4.1
476k-500k 11 22 3 0.3 3
501k-550k 13 21 3 0.3 3.7
551k-600k 15 15 3 0.2 6
601k-650k 5 4 0.1 7.5
651k-700k 5 9 0.3 3.3
701k-750k 3 2 0.1 9
751k-800k 2 4 0.3 3
801k-850k 1 2 1 0.3 3
851k-900k 1 0
901k-950k 1 2 0.3 3
951k-1m 1 1 0.2 6
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 1 0.1 12
1.5m-1.6m 1 0
1.8m-1.9m 2 0

Townhouses 20% 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
176k-200k 1 0
301k-325k 1 0.2 0
326k-350k 1 5 0.8 1.2
351k-375k 1 7 1 1.2 0.9
376k-400k 2 3 0.3 4
401k-425k 2 0
426k-450k 1 1 0.2 6

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
176k-200k 1 1 0.2 6

Land 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
1k-25k 3 2 1 0.1 9
26k-50k 7 4 1 0.1 10.5
51k-75k 6 5 2 0.1 7.2
76k-100k 2 1 1 0.1 12
101k-125k 4 1 0 24
126k-150k 4 0
176k-200k 1 0
226k-250k 1 0.2 0
426k-450k 2 1 0.1 12
501k-550k 1 0
551k-600k 1 0
651k-700k 1 0
751k-800k 1 0.2 0
851k-900k 1 0.2 0
951k-1m 1 0
1.2m-1.3m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 1 0.2 0
2.25m-2.5m 1 0