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 2 0
101k-125k 1 2 0.3 3
126k-150k 2 4 0.3 3
151k-175k 5 1 0.8 0
176k-200k 2 7 1 0.6 1.7
201k-225k 1 10 1.7 0.6
226k-250k 1 21 3 3.5 0.3
251k-275k 10 30 5 0.5 2
276k-300k 12 40 7 0.6 1.8
301k-325k 21 54 8 0.4 2.3
326k-350k 31 56 6 0.3 3.3
351k-375k 19 70 6 0.6 1.6
376k-400k 54 117 21 0.4 2.8
401k-425k 34 64 6 0.3 3.2
426k-450k 34 68 11 0.3 3
451k-475k 23 36 7 0.3 3.8
476k-500k 29 60 9 0.3 2.9
501k-550k 51 86 12 0.3 3.6
551k-600k 45 65 12 0.2 4.2
601k-650k 46 54 6 0.2 5.1
651k-700k 31 49 10 0.3 3.8
701k-750k 27 25 5 0.2 6.5
751k-800k 15 22 1 0.2 4.1
801k-850k 12 9 0.1 8
851k-900k 14 16 0.2 5.3
901k-950k 10 9 2 0.2 6.7
951k-1m 8 8 0.2 6
1m-1.1m 11 11 3 0.2 6
1.1m-1.2m 16 12 1 0.1 8
1.2m-1.3m 14 7 2 0.1 12
1.3m-1.4m 8 4 0.1 12
1.4m-1.5m 5 10 1 0.3 3
1.5m-1.6m 1 5 0.8 1.2
1.6m-1.7m 9 1 0 54
1.7m-1.8m 5 3 0.1 10
1.8m-1.9m 3 1 0.1 18
1.9m-2m 3 2 0.1 9
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 5 1 0 30
3.5m-4m 1 0
4.5m-5m 1 0
5.01m-6m 2 0

Townhouses 18% 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 1 0.2 0
201k-225k 2 0.3 0
226k-250k 1 4 0.7 1.5
251k-275k 4 7 0.3 3.4
276k-300k 10 23 2 0.4 2.6
301k-325k 12 20 2 0.3 3.6
326k-350k 17 19 3 0.2 5.4
351k-375k 15 2 0 45
376k-400k 27 10 3 0.1 16.2
401k-425k 2 2 0.2 6
426k-450k 1 0
451k-475k 2 0.3 0
476k-500k 2 0
501k-550k 2 1 1 0.1 12

Condos 25% 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 3 1 0.3 4
226k-250k 5 2 0.1 15
276k-300k 1 4 2 0.7 1.5
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 15% 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 9 4 0.3 4
51k-75k 7 12 4 0.3 3.5
76k-100k 29 8 2 0 21.8
101k-125k 16 6 1 0.1 16
126k-150k 14 9 2 0.1 9.3
151k-175k 9 7 1 0.1 7.7
176k-200k 14 7 1 0.1 12
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 4 0.2 4.5
376k-400k 6 2 0.1 18
401k-425k 2 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 2 1 0.1 9
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 3 1 1 0.1 18
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