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 29% 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
51k-75k 2 0
76k-100k 2 1 0.1 12
101k-125k 2 0.3 0
126k-150k 1 4 1 0.7 1.5
151k-175k 2 8 0.7 1.5
176k-200k 3 10 0.6 1.8
201k-225k 6 24 4 0.7 1.5
226k-250k 16 61 15 0.6 1.6
251k-275k 31 81 9 0.4 2.3
276k-300k 38 101 17 0.4 2.3
301k-325k 30 67 10 0.4 2.7
326k-350k 40 68 10 0.3 3.5
351k-375k 28 53 11 0.3 3.2
376k-400k 41 52 11 0.2 4.7
401k-425k 19 31 4 0.3 3.7
426k-450k 26 36 7 0.2 4.3
451k-475k 14 24 3 0.3 3.5
476k-500k 17 17 3 0.2 6
501k-550k 18 27 3 0.3 4
551k-600k 18 20 5 0.2 5.4
601k-650k 8 7 2 0.1 6.9
651k-700k 11 12 2 0.2 5.5
701k-750k 8 4 0.1 12
751k-800k 5 0
801k-850k 3 0
851k-900k 3 3 0.2 6
901k-950k 1 0.2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.4m-1.5m 1 0.2 0
6.01m-7m 1 0

Townhouses 23% 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
151k-175k 3 6 0.3 3
201k-225k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 0.2 0
276k-300k 1 3 2 0.5 2
301k-325k 1 16 2 2.7 0.4
326k-350k 5 5 1 0.2 6
351k-375k 5 4 0.1 7.5
376k-400k 4 0
401k-425k 1 0

Condos 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
101k-125k 1 0.2 0
176k-200k 1 1 0.2 6
301k-325k 2 1 0.3 0
326k-350k 2 0
376k-400k 3 0
401k-425k 1 0

Land 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
1k-25k 2 3 0.3 4
26k-50k 10 7 2 0.1 8.6
51k-75k 6 7 1 0.2 5.1
76k-100k 3 0
101k-125k 1 2 0.3 3
126k-150k 1 1 0.2 0
151k-175k 1 1 0.2 6
176k-200k 8 1 0 48
251k-275k 2 1 0.1 12
276k-300k 2 0
351k-375k 2 0
376k-400k 3 0
426k-450k 3 0
501k-550k 1 0.2 0
551k-600k 1 0.2 0
601k-650k 2 0
701k-750k 3 0
851k-900k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0.2 0
1.6m-1.7m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 3 0
5.01m-6m 1 0