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 7 17 2 0.4 2.5
226k-250k 14 41 10 0.5 2
251k-275k 51 81 15 0.3 3.8
276k-300k 67 132 22 0.3 3
301k-325k 53 99 20 0.3 3.2
326k-350k 66 137 27 0.3 2.9
351k-375k 68 126 18 0.3 3.2
376k-400k 99 140 14 0.2 4.2
401k-425k 57 76 10 0.2 4.5
426k-450k 74 82 12 0.2 5.4
451k-475k 40 51 5 0.2 4.7
476k-500k 34 67 10 0.3 3
501k-550k 45 63 6 0.2 4.3
551k-600k 33 30 4 0.2 6.6
601k-650k 21 13 2 0.1 9.7
651k-700k 10 8 4 0.1 7.5
701k-750k 8 5 0.1 9.6
751k-800k 6 3 0.1 12
801k-850k 2 2 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 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 1 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 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 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 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