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 7 18 4 0.4 2.3
226k-250k 15 43 8 0.5 2.1
251k-275k 45 83 16 0.3 3.3
276k-300k 71 135 22 0.3 3.2
301k-325k 49 100 20 0.3 2.9
326k-350k 66 136 24 0.3 2.9
351k-375k 67 125 21 0.3 3.2
376k-400k 98 141 17 0.2 4.2
401k-425k 56 81 10 0.2 4.1
426k-450k 74 79 8 0.2 5.6
451k-475k 37 51 6 0.2 4.4
476k-500k 44 65 7 0.2 4.1
501k-550k 48 66 8 0.2 4.4
551k-600k 34 32 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 5 0.1 12
751k-800k 5 4 1 0.1 7.5
801k-850k 2 2 1 0.2 6
851k-900k 2 2 0.2 6
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 1 2 1 0.3 3
1.5m-1.6m 2 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 2 1 0.1 12
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 19% 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 2 3 1 0.3 4
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 18 6 0.1 18
51k-75k 20 7 0.1 17.1
76k-100k 12 4 2 0.1 18
101k-125k 9 5 0.1 10.8
126k-150k 3 2 0.1 9
151k-175k 5 4 0.1 7.5
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 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