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 19% 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 1 0.2 0
76k-100k 3 1 0.5 0
101k-125k 2 1 0.1 12
126k-150k 1 7 1.2 0.9
151k-175k 2 7 0.6 1.7
176k-200k 9 17 5 0.3 3.2
201k-225k 11 25 4 0.4 2.6
226k-250k 30 59 8 0.3 3.1
251k-275k 46 72 7 0.3 3.8
276k-300k 51 71 10 0.2 4.3
301k-325k 38 72 10 0.3 3.2
326k-350k 38 49 7 0.2 4.7
351k-375k 38 41 4 0.2 5.6
376k-400k 39 48 6 0.2 4.9
401k-425k 18 29 3 0.3 3.7
426k-450k 26 31 0.2 5
451k-475k 18 32 2 0.3 3.4
476k-500k 17 20 1 0.2 5.1
501k-550k 20 21 2 0.2 5.7
551k-600k 24 18 3 0.1 8
601k-650k 10 9 0.2 6.7
651k-700k 21 9 1 0.1 14
701k-750k 8 7 1 0.1 6.9
751k-800k 6 2 1 0.1 18
801k-850k 3 1 0.1 18
851k-900k 1 3 0.5 2
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 1 0
1.2m-1.3m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 2 0
6.01m-7m 1 0

Townhouses 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
151k-175k 2 2 0.2 6
176k-200k 1 1 0.2 0
201k-225k 3 0.5 0
226k-250k 2 0.3 0
251k-275k 1 4 2 0.7 1.5
276k-300k 5 5 2 0.2 6
301k-325k 3 8 1 0.4 2.3
326k-350k 2 3 0.3 4
351k-375k 2 0
376k-400k 6 0
401k-425k 1 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
126k-150k 1 0.2 0
151k-175k 1 0
176k-200k 2 0
301k-325k 1 0.2 0
326k-350k 1 0
376k-400k 3 0
401k-425k 1 0

Land 10% 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 0
26k-50k 9 7 0.1 7.7
51k-75k 11 4 0.1 16.5
76k-100k 6 3 2 0.1 12
101k-125k 2 0
126k-150k 3 5 2 0.3 3.6
151k-175k 1 2 0.3 3
176k-200k 5 1 0 30
201k-225k 2 0
251k-275k 1 0
276k-300k 2 0
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 3 0
426k-450k 3 0
476k-500k 2 1 0.1 12
501k-550k 1 0
551k-600k 1 1 0.2 6
601k-650k 3 0
651k-700k 1 0
701k-750k 1 0
951k-1m 2 0
1m-1.1m 2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0