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 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
26k-50k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 3 0.5 2
126k-150k 4 2 0.7 0
151k-175k 2 8 0.7 1.5
176k-200k 4 8 2 0.3 3
201k-225k 6 19 4 0.5 1.9
226k-250k 11 43 10 0.7 1.5
251k-275k 50 81 17 0.3 3.7
276k-300k 73 132 22 0.3 3.3
301k-325k 48 100 20 0.3 2.9
326k-350k 66 138 28 0.3 2.9
351k-375k 64 126 20 0.3 3
376k-400k 101 137 15 0.2 4.4
401k-425k 57 77 9 0.2 4.4
426k-450k 75 79 10 0.2 5.7
451k-475k 36 52 6 0.2 4.2
476k-500k 38 69 13 0.3 3.3
501k-550k 48 63 5 0.2 4.6
551k-600k 30 30 4 0.2 6
601k-650k 22 13 2 0.1 10.2
651k-700k 10 9 5 0.2 6.7
701k-750k 8 4 0.1 12
751k-800k 5 4 1 0.1 7.5
801k-850k 2 2 1 0.2 6
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 3 0.3 4
1.1m-1.2m 8 1 0 48
1.2m-1.3m 4 1 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 2 1 0.3 3
1.8m-1.9m 1 1 0.2 0
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 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 1 0
201k-225k 1 1 0.2 6
226k-250k 3 1 0.1 18
251k-275k 6 6 1 0.2 6
276k-300k 1 4 2 0.7 1.5
301k-325k 6 4 1 0.1 9
326k-350k 2 2 0.2 6
451k-475k 1 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 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 5 9 0.3 3.3
26k-50k 21 6 0 21
51k-75k 22 7 0.1 18.9
76k-100k 11 4 2 0.1 16.5
101k-125k 9 4 0.1 13.5
126k-150k 4 1 0 24
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 1 0.2 6
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