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 22% 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
51k-75k 1 0
76k-100k 2 1 0.3 0
101k-125k 1 1 0.2 6
126k-150k 1 3 1 0.5 2
151k-175k 7 2 1.2 0
176k-200k 7 17 3 0.4 2.5
201k-225k 8 16 1 0.3 3
226k-250k 12 38 6 0.5 1.9
251k-275k 32 50 3 0.3 3.8
276k-300k 37 35 7 0.2 6.3
301k-325k 19 26 4 0.2 4.4
326k-350k 29 34 7 0.2 5.1
351k-375k 24 34 4 0.2 4.2
376k-400k 27 32 3 0.2 5.1
401k-425k 10 11 1 0.2 5.5
426k-450k 11 16 3 0.2 4.1
451k-475k 13 3 0 26
476k-500k 8 10 4 0.2 4.8
501k-550k 19 10 1 0.1 11.4
551k-600k 15 12 2 0.1 7.5
601k-650k 10 6 0.1 10
651k-700k 6 4 0.1 9
701k-750k 7 5 1 0.1 8.4
751k-800k 4 6 0.3 4
801k-850k 3 3 0.2 6
851k-900k 2 3 1 0.3 4
901k-950k 2 3 0.3 4
1.1m-1.2m 5 1 0 30
1.3m-1.4m 1 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Townhouses 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
101k-125k 1 0.2 0
126k-150k 2 2 1 0.2 6
151k-175k 2 1 0.3 0
176k-200k 3 1 0.5 0
201k-225k 4 3 0.1 8
226k-250k 6 3 0.1 12
251k-275k 3 2 1 0.1 9
276k-300k 9 11 0.2 4.9
301k-325k 18 10 1 0.1 10.8
326k-350k 12 9 0.1 8
351k-375k 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
101k-125k 2 0
126k-150k 3 1 0.1 18
151k-175k 2 0.3 0
276k-300k 1 0.2 0
301k-325k 2 1 0.1 12

Land 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
1k-25k 8 4 0.1 12
26k-50k 11 6 0.1 11
51k-75k 8 1 0 48
76k-100k 16 3 0 32
101k-125k 15 0
126k-150k 1 0
176k-200k 1 1 0.2 6
201k-225k 1 0
251k-275k 1 0
276k-300k 2 1 0.1 12
326k-350k 3 1 0.1 18
401k-425k 1 0
426k-450k 1 0
476k-500k 3 0
501k-550k 3 0
551k-600k 2 0
951k-1m 1 0
1m-1.1m 1 0
10.01m-11m 1 0