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 10% 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
226k-250k 1 2 0.3 3
251k-275k 1 1 0.2 6
276k-300k 12 3 1 0 24
301k-325k 12 5 1 0.1 14.4
326k-350k 13 9 3 0.1 8.7
351k-375k 18 13 2 0.1 8.3
376k-400k 16 12 3 0.1 8
401k-425k 11 1 0 66
426k-450k 21 8 2 0.1 15.8
451k-475k 11 4 0.1 16.5
476k-500k 15 7 1 0.1 12.9
501k-550k 24 11 2 0.1 13.1
551k-600k 6 6 2 0.2 6
601k-650k 11 3 0 22
651k-700k 13 3 1 0 26
701k-750k 3 0
751k-800k 3 0
801k-850k 1 0
851k-900k 1 0
901k-950k 3 0
951k-1m 2 0
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0

Townhouses 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
176k-200k 1 0
226k-250k 2 0
326k-350k 1 0

Condos 6% 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
126k-150k 2 0.3 0
151k-175k 1 1 0.2 6
176k-200k 1 0
201k-225k 2 2 1 0.2 6
226k-250k 5 1 0 30
251k-275k 2 0
276k-300k 1 0
326k-350k 3 0

Land 3% 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
26k-50k 47 1 1 0 282
51k-75k 77 4 1 0 115.5
76k-100k 39 15 3 0.1 15.6
101k-125k 15 2 0 45
126k-150k 15 4 1 0 22.5
151k-175k 12 1 0 72
176k-200k 14 1 0 84
201k-225k 5 1 0 30
226k-250k 3 0
251k-275k 7 0
276k-300k 8 0
301k-325k 2 0
326k-350k 1 0.2 0
351k-375k 3 0
376k-400k 5 0
426k-450k 1 0
476k-500k 1 0
501k-550k 3 0
651k-700k 1 0
751k-800k 1 0
801k-850k 1 0
1.2m-1.3m 2 0
3.5m-4m 1 0