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 0% 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
101k-125k 1 0.2 0
126k-150k 1 0
151k-175k 1 0
176k-200k 1 0.2 0
201k-225k 3 0.5 0
226k-250k 1 0.2 0
251k-275k 1 3 0.5 2
276k-300k 3 8 1 0.4 2.3
301k-325k 6 29 11 0.8 1.2
326k-350k 23 50 16 0.4 2.8
351k-375k 17 59 14 0.6 1.7
376k-400k 27 81 12 0.5 2
401k-425k 21 69 15 0.5 1.8
426k-450k 45 87 11 0.3 3.1
451k-475k 31 58 9 0.3 3.2
476k-500k 45 63 11 0.2 4.3
501k-550k 44 91 13 0.3 2.9
551k-600k 41 67 12 0.3 3.7
601k-650k 41 52 13 0.2 4.7
651k-700k 13 30 5 0.4 2.6
701k-750k 6 5 1 0.1 7.2
751k-800k 6 11 1 0.3 3.3
801k-850k 10 11 5 0.2 5.5
851k-900k 7 8 2 0.2 5.3
901k-950k 4 5 1 0.2 4.8
951k-1m 5 4 1 0.1 7.5
1m-1.1m 3 5 1 0.3 3.6
1.1m-1.2m 6 2 1 0.1 18
1.2m-1.3m 3 0
1.3m-1.4m 1 3 0.5 2
1.4m-1.5m 3 1 1 0.1 18
1.5m-1.6m 1 2 0.3 3
1.7m-1.8m 2 1 1 0.1 12
1.8m-1.9m 1 1 0.2 0
2m-2.25m 1 1 1 0.2 6
2.5m-2.75m 1 0
2.75m-3m 1 0.2 0
7.01m-8m 1 0

Townhouses 0% 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
226k-250k 1 0.2 0
251k-275k 1 3 3 0.5 2
276k-300k 3 2 0.1 9
301k-325k 4 5 1 0.2 4.8
326k-350k 7 6 2 0.1 7
351k-375k 5 4 1 0.1 7.5
376k-400k 8 17 6 0.4 2.8
401k-425k 1 2 1 0.3 3
426k-450k 5 6 1 0.2 5
451k-475k 2 0
476k-500k 2 0

Condos 0% 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
101k-125k 2 0.3 0
126k-150k 1 2 1 0.3 3
151k-175k 3 0
176k-200k 1 1 0.2 6
201k-225k 1 1 0.2 6
226k-250k 1 0.2 0
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0

Land 0% 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
-24,000-0 1 0
1k-25k 1 0
26k-50k 5 6 0.2 5
51k-75k 6 5 1 0.1 7.2
76k-100k 8 1 0 48
101k-125k 4 2 1 0.1 12
126k-150k 7 8 0.2 5.3
151k-175k 1 7 1.2 0.9
176k-200k 7 1 0 42
201k-225k 2 1 0.1 12
226k-250k 3 3 2 0.2 6
251k-275k 3 0
276k-300k 2 2 0.2 6
301k-325k 1 2 0.3 3
326k-350k 3 0
376k-400k 3 2 0.1 9
401k-425k 2 2 0.2 6
426k-450k 1 0.2 0
451k-475k 1 0
476k-500k 1 2 0.3 3
501k-550k 2 0
551k-600k 1 1 0.2 6
601k-650k 1 2 0.3 3
651k-700k 4 0
701k-750k 2 2 1 0.2 6
751k-800k 1 0.2 0
801k-850k 1 0
901k-950k 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
13.01m-14m 1 0