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 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
76k-100k 1 0.2 0
101k-125k 1 3 0.5 2
126k-150k 4 2 0.7 0
151k-175k 2 9 0.8 1.3
176k-200k 4 6 1 0.3 4
201k-225k 6 18 3 0.5 2
226k-250k 14 41 8 0.5 2
251k-275k 52 80 14 0.3 3.9
276k-300k 65 131 22 0.3 3
301k-325k 53 97 20 0.3 3.3
326k-350k 67 136 25 0.3 3
351k-375k 68 123 17 0.3 3.3
376k-400k 98 137 14 0.2 4.3
401k-425k 58 75 10 0.2 4.6
426k-450k 72 84 13 0.2 5.1
451k-475k 40 50 5 0.2 4.8
476k-500k 36 68 11 0.3 3.2
501k-550k 45 61 6 0.2 4.4
551k-600k 33 29 4 0.1 6.8
601k-650k 21 13 2 0.1 9.7
651k-700k 11 8 4 0.1 8.3
701k-750k 8 5 0.1 9.6
751k-800k 6 3 0.1 12
801k-850k 3 2 0.1 9
851k-900k 3 2 0.1 9
901k-950k 1 2 0.3 3
951k-1m 2 6 1 0.5 2
1m-1.1m 2 2 0.2 6
1.1m-1.2m 8 1 0 48
1.2m-1.3m 4 1 0 24
1.3m-1.4m 3 0
1.4m-1.5m 2 1 1 0.1 12
1.5m-1.6m 2 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 3 2 0.5 2
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 8% 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
176k-200k 1 0
201k-225k 1 1 0.2 6
226k-250k 3 1 0.1 18
251k-275k 7 5 0.1 8.4
276k-300k 1 4 2 0.7 1.5
301k-325k 6 4 0.1 9
326k-350k 2 2 0.2 6
426k-450k 1 0
451k-475k 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 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 5 9 0.3 3.3
26k-50k 21 6 0 21
51k-75k 24 6 0 24
76k-100k 11 4 2 0.1 16.5
101k-125k 9 4 0.1 13.5
126k-150k 4 0
151k-175k 4 4 1 0.2 6
176k-200k 4 7 1 0.3 3.4
201k-225k 5 2 0.1 15
226k-250k 6 2 0.1 18
251k-275k 4 0
276k-300k 5 0
326k-350k 1 0.2 0
351k-375k 3 0
376k-400k 1 0
401k-425k 1 0
426k-450k 1 1 1 0.2 6
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 0.2 6
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.6m-1.7m 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