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 31% 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
76k-100k 1 1 0.2 6
101k-125k 1 1 0.2 6
126k-150k 2 0.3 0
151k-175k 2 5 0.4 2.4
176k-200k 2 5 2 0.4 2.4
201k-225k 1 9 1 1.5 0.7
226k-250k 1 13 3 2.2 0.5
251k-275k 3 20 6 1.1 0.9
276k-300k 8 26 2 0.5 1.8
301k-325k 9 24 1 0.4 2.3
326k-350k 5 21 10 0.7 1.4
351k-375k 14 34 5 0.4 2.5
376k-400k 18 25 6 0.2 4.3
401k-425k 16 24 1 0.3 4
426k-450k 18 26 2 0.2 4.2
451k-475k 15 20 4 0.2 4.5
476k-500k 15 32 7 0.4 2.8
501k-550k 19 53 11 0.5 2.2
551k-600k 26 24 4 0.2 6.5
601k-650k 10 19 3 0.3 3.2
651k-700k 9 28 6 0.5 1.9
701k-750k 9 20 2 0.4 2.7
751k-800k 6 15 0.4 2.4
801k-850k 8 8 1 0.2 6
851k-900k 11 8 1 0.1 8.3
901k-950k 3 7 0.4 2.6
951k-1m 4 9 0.4 2.7
1m-1.1m 4 7 0.3 3.4
1.1m-1.2m 5 2 1 0.1 15
1.2m-1.3m 5 4 2 0.1 7.5
1.3m-1.4m 3 5 1 0.3 3.6
1.4m-1.5m 4 1 0 24
1.5m-1.6m 3 1 1 0.1 18
1.6m-1.7m 4 1 0 24
1.7m-1.8m 4 1 0 24
1.8m-1.9m 1 3 0.5 2
2m-2.25m 3 1 0.1 18
2.25m-2.5m 2 0
2.75m-3m 1 0.2 0
3m-3.5m 1 0
3.5m-4m 5 0
4.5m-5m 1 0
8.01m-9m 1 0

Townhouses 31% 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
301k-325k 2 0.3 0
326k-350k 4 11 0.5 2.2
351k-375k 11 12 0.2 5.5
376k-400k 5 5 1 0.2 6
401k-425k 1 2 0.3 3
426k-450k 1 4 2 0.7 1.5
451k-475k 1 3 1 0.5 2
476k-500k 1 1 1 0.2 6
501k-550k 1 3 1 0.5 2
551k-600k 1 4 1 0.7 1.5
601k-650k 1 0.2 0
651k-700k 2 0
701k-750k 1 0
901k-950k 1 1 0.2 0
951k-1m 2 0

Condos 22% 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
126k-150k 1 0.2 0
176k-200k 2 1 1 0.1 12
201k-225k 4 2 0.1 12
226k-250k 4 5 2 0.2 4.8
251k-275k 2 3 1 0.3 4
276k-300k 8 1 1.3 0
301k-325k 1 2 1 0.3 3
326k-350k 2 5 1 0.4 2.4
351k-375k 3 0
376k-400k 5 4 0.1 7.5
401k-425k 2 3 0.3 4
426k-450k 3 5 1 0.3 3.6
451k-475k 2 2 0.2 6
476k-500k 1 1 1 0.2 6
501k-550k 3 1 0.5 0
551k-600k 1 1 0.2 6
601k-650k 1 0
1.5m-1.6m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 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 7 6 2 0.1 7
26k-50k 68 13 5 0 31.4
51k-75k 39 12 4 0.1 19.5
76k-100k 36 17 1 0.1 12.7
101k-125k 17 6 2 0.1 17
126k-150k 17 5 1 0 20.4
151k-175k 7 3 2 0.1 14
176k-200k 19 1 0 114
201k-225k 6 2 0.1 18
226k-250k 13 4 1 0.1 19.5
251k-275k 5 1 0 30
276k-300k 9 3 0.1 18
301k-325k 3 3 1 0.2 6
326k-350k 3 0.5 0
351k-375k 1 1 1 0.2 6
376k-400k 3 1 0.1 18
401k-425k 1 0.2 0
426k-450k 5 0
476k-500k 2 0
551k-600k 6 2 0.1 18
601k-650k 2 0
651k-700k 1 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0.2 0
851k-900k 1 0.2 0
901k-950k 1 0
951k-1m 2 0
1.1m-1.2m 1 0.2 0
1.3m-1.4m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0