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 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 3 0
101k-125k 1 1 1 0.2 6
176k-200k 1 1 0.2 0
201k-225k 2 0.3 0
226k-250k 2 4 0.3 3
251k-275k 1 6 1 1
276k-300k 3 13 1 0.7 1.4
301k-325k 12 27 5 0.4 2.7
326k-350k 23 63 13 0.5 2.2
351k-375k 22 56 13 0.4 2.4
376k-400k 28 67 7 0.4 2.5
401k-425k 27 58 5 0.4 2.8
426k-450k 33 42 11 0.2 4.7
451k-475k 18 32 4 0.3 3.4
476k-500k 31 29 4 0.2 6.4
501k-550k 44 49 7 0.2 5.4
551k-600k 28 38 3 0.2 4.4
601k-650k 12 15 3 0.2 4.8
651k-700k 7 7 0.2 6
701k-750k 3 3 0.2 6
751k-800k 3 4 0.2 4.5
801k-850k 2 1 0.1 12
851k-900k 2 1 0.1 12
901k-950k 1 0
1m-1.1m 1 2 0.3 3
1.2m-1.3m 2 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0

Townhouses 20% 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
276k-300k 2 2 0.2 6
326k-350k 10 1.7 0
351k-375k 2 11 1 0.9 1.1
376k-400k 7 10 2 0.2 4.2
401k-425k 5 7 0.2 4.3

Land 18% 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 1 0.2 6
51k-75k 2 3 0.3 4
76k-100k 2 3 0.3 4
101k-125k 1 0.2 0
126k-150k 2 1 0.1 12
151k-175k 1 1 0.2 6
176k-200k 1 1 0.2 6
201k-225k 2 0
226k-250k 1 0
251k-275k 1 1 0.2 6
276k-300k 1 1 1 0.2 6
351k-375k 1 1 1 0.2 6
376k-400k 1 0.2 0
476k-500k 3 1 0.1 18
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 1 0
651k-700k 3 0
701k-750k 2 0
951k-1m 1 0.2 0
1m-1.1m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
3m-3.5m 1 0
4.5m-5m 1 0