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 26% 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 0
51k-75k 2 1 0.3 0
76k-100k 1 0
101k-125k 1 2 0.3 3
126k-150k 2 4 1 0.3 3
151k-175k 5 2 0.8 0
176k-200k 2 7 1 0.6 1.7
201k-225k 1 10 1.7 0.6
226k-250k 1 21 4 3.5 0.3
251k-275k 9 29 2 0.5 1.9
276k-300k 14 42 8 0.5 2
301k-325k 18 53 8 0.5 2
326k-350k 30 59 10 0.3 3.1
351k-375k 19 72 11 0.6 1.6
376k-400k 55 114 21 0.3 2.9
401k-425k 35 63 6 0.3 3.3
426k-450k 34 73 11 0.4 2.8
451k-475k 21 36 8 0.3 3.5
476k-500k 33 58 8 0.3 3.4
501k-550k 50 87 12 0.3 3.4
551k-600k 44 67 18 0.3 3.9
601k-650k 46 58 8 0.2 4.8
651k-700k 31 48 7 0.3 3.9
701k-750k 28 25 4 0.1 6.7
751k-800k 17 21 1 0.2 4.9
801k-850k 13 9 0.1 8.7
851k-900k 15 15 3 0.2 6
901k-950k 8 11 3 0.2 4.4
951k-1m 9 9 1 0.2 6
1m-1.1m 12 10 2 0.1 7.2
1.1m-1.2m 15 12 2 0.1 7.5
1.2m-1.3m 16 7 1 0.1 13.7
1.3m-1.4m 8 4 0.1 12
1.4m-1.5m 4 10 1 0.4 2.4
1.5m-1.6m 2 5 1 0.4 2.4
1.6m-1.7m 9 1 0 54
1.7m-1.8m 5 3 0.1 10
1.8m-1.9m 2 1 0.1 12
1.9m-2m 4 3 1 0.1 8
2m-2.25m 5 0
2.25m-2.5m 4 2 0.1 12
2.5m-2.75m 3 1 0.1 18
2.75m-3m 3 0
3m-3.5m 4 1 0 24
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 2 0

Townhouses 17% 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
176k-200k 1 0
201k-225k 2 0.3 0
226k-250k 1 4 0.7 1.5
251k-275k 3 8 1 0.4 2.3
276k-300k 10 23 2 0.4 2.6
301k-325k 11 20 2 0.3 3.3
326k-350k 20 18 2 0.2 6.7
351k-375k 15 2 0 45
376k-400k 24 9 2 0.1 16
401k-425k 2 3 1 0.3 4
426k-450k 1 0
451k-475k 2 0.3 0
476k-500k 2 0
501k-550k 1 1 1 0.2 6

Condos 13% 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
176k-200k 3 0.5 0
201k-225k 2 2 0.2 6
226k-250k 5 2 0.1 15
276k-300k 2 3 1 0.3 4
301k-325k 2 0.3 0
326k-350k 1 4 0.7 1.5
351k-375k 1 2 0.3 3
376k-400k 1 0
801k-850k 1 0

Land 13% 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 2 5 2 0.4 2.4
26k-50k 6 10 4 0.3 3.6
51k-75k 7 11 5 0.3 3.8
76k-100k 28 8 2 0 21
101k-125k 17 7 1 0.1 14.6
126k-150k 14 9 2 0.1 9.3
151k-175k 9 8 2 0.1 6.8
176k-200k 14 6 0.1 14
201k-225k 9 1 0 54
226k-250k 7 0
251k-275k 5 2 0.8 0
276k-300k 5 4 0.1 7.5
301k-325k 1 0.2 0
326k-350k 2 1 0.1 12
351k-375k 3 3 1 0.2 6
376k-400k 6 2 0.1 18
401k-425k 3 0
426k-450k 1 0
451k-475k 1 1 1 0.2 6
476k-500k 9 1 1 0 54
501k-550k 5 0
551k-600k 3 1 0.1 18
601k-650k 3 3 1 0.2 6
651k-700k 4 1 0 24
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 4 0
901k-950k 5 1 1 0 30
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 1 1 0.2 0
1.3m-1.4m 3 0
1.4m-1.5m 4 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0