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 30% 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
26k-50k 1 0.2 0
51k-75k 2 1 0.3 0
76k-100k 2 0.3 0
101k-125k 1 4 2 0.7 1.5
126k-150k 1 8 1.3 0.8
151k-175k 1 7 1.2 0.9
176k-200k 4 12 2 0.5 2
201k-225k 4 15 7 0.6 1.6
226k-250k 4 23 3 1 1
251k-275k 13 36 7 0.5 2.2
276k-300k 18 68 12 0.6 1.6
301k-325k 34 58 4 0.3 3.5
326k-350k 33 80 13 0.4 2.5
351k-375k 28 52 8 0.3 3.2
376k-400k 30 42 4 0.2 4.3
401k-425k 14 31 3 0.4 2.7
426k-450k 11 28 7 0.4 2.4
451k-475k 16 20 1 0.2 4.8
476k-500k 13 14 5 0.2 5.6
501k-550k 12 23 2 0.3 3.1
551k-600k 13 17 3 0.2 4.6
601k-650k 17 9 1 0.1 11.3
651k-700k 7 7 0.2 6
701k-750k 6 7 0.2 5.1
751k-800k 2 5 0.4 2.4
801k-850k 6 1 0 36
851k-900k 3 3 1 0.2 6
901k-950k 2 0
1m-1.1m 2 2 0.2 6
1.1m-1.2m 1 0.2 0
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 4 1 0 24
1.7m-1.8m 1 0
2m-2.25m 2 1 0.1 12
2.5m-2.75m 1 0
2.75m-3m 1 0

Townhouses 25% 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
151k-175k 1 0.2 0
176k-200k 3 2 1 0.1 9
201k-225k 5 10 0.3 3
226k-250k 5 2 0.1 15
251k-275k 5 12 0.4 2.5
276k-300k 8 9 1 0.2 5.3
301k-325k 1 1 0.2 0
326k-350k 4 0
351k-375k 2 1 0.3 0

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
226k-250k 2 2 0.2 6
251k-275k 2 0.3 0
276k-300k 3 2 0.1 9

Land 16% 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 2 3 0.3 4
26k-50k 8 7 0.1 6.9
51k-75k 24 11 1 0.1 13.1
76k-100k 6 7 1 0.2 5.1
101k-125k 4 5 2 0.2 4.8
126k-150k 3 5 0.3 3.6
151k-175k 7 4 1 0.1 10.5
176k-200k 4 2 1 0.1 12
201k-225k 3 1 0.1 18
226k-250k 5 1 0 30
251k-275k 2 0.3 0
276k-300k 7 2 0 21
301k-325k 2 0
326k-350k 2 1 0.1 12
351k-375k 3 2 0.1 9
401k-425k 1 0
451k-475k 1 0
476k-500k 1 3 1 0.5 2
601k-650k 1 0
651k-700k 3 1 0.1 18
701k-750k 3 0
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 2 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 4 2 0.1 12
1.2m-1.3m 1 0.2 0
1.4m-1.5m 2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
3.5m-4m 1 0
4m-4.5m 1 0
6.01m-7m 1 0