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 21% 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 1 0
76k-100k 1 2 0.3 3
101k-125k 4 0.7 0
126k-150k 4 3 1 0.1 8
151k-175k 3 6 2 0.3 3
176k-200k 3 8 1 0.4 2.3
201k-225k 8 7 2 0.1 6.9
226k-250k 13 31 2 0.4 2.5
251k-275k 11 26 4 0.4 2.5
276k-300k 17 34 6 0.3 3
301k-325k 23 47 9 0.3 2.9
326k-350k 38 48 8 0.2 4.8
351k-375k 26 38 9 0.2 4.1
376k-400k 26 23 6 0.1 6.8
401k-425k 20 29 5 0.2 4.1
426k-450k 23 19 5 0.1 7.3
451k-475k 18 20 3 0.2 5.4
476k-500k 17 21 4 0.2 4.9
501k-550k 19 13 2 0.1 8.8
551k-600k 9 12 1 0.2 4.5
601k-650k 15 5 2 0.1 18
651k-700k 9 4 0.1 13.5
701k-750k 6 2 0.1 18
751k-800k 5 1 0 30
801k-850k 4 0
851k-900k 2 2 0.2 6
901k-950k 2 1 0.1 12
951k-1m 5 2 0.1 15
1m-1.1m 4 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 2 1 0.1 12
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.8m-1.9m 1 1 0.2 6
2m-2.25m 1 0
2.75m-3m 3 0
3m-3.5m 1 0
3.5m-4m 1 0
4.5m-5m 1 0

Townhouses 38% 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
226k-250k 1 2 1 0.3 3
251k-275k 3 2 0.1 9
276k-300k 2 0.3 0
351k-375k 1 0

Condos 7% 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 1 1 0.2 6
76k-100k 2 1 0.1 12
101k-125k 11 11 2 0.2 6
126k-150k 15 9 2 0.1 10
151k-175k 24 9 1 0.1 16
176k-200k 25 4 0 37.5
201k-225k 13 2 0 39
226k-250k 13 1 0 78
251k-275k 15 2 0 45
276k-300k 13 4 3 0.1 19.5
301k-325k 6 1 0 36
326k-350k 4 1 0 24
351k-375k 2 0
376k-400k 2 0
401k-425k 1 0
426k-450k 2 1 0.1 12
451k-475k 1 0
476k-500k 1 0
501k-550k 6 0
551k-600k 2 0
751k-800k 1 0
1m-1.1m 1 0

Land 4% 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 1 3 0.5 2
26k-50k 25 14 0.1 10.7
51k-75k 13 11 0.1 7.1
76k-100k 20 3 1 0 40
101k-125k 4 1 0 24
126k-150k 5 0
151k-175k 4 1 0 24
176k-200k 7 2 0 21
201k-225k 1 0
226k-250k 2 2 0.2 6
251k-275k 1 2 0.3 3
276k-300k 2 0
301k-325k 1 0
326k-350k 1 0.2 0
351k-375k 2 0
376k-400k 4 0
401k-425k 2 0
426k-450k 1 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 4 0
601k-650k 1 1 0.2 6
651k-700k 1 1 0.2 6
701k-750k 1 0
751k-800k 3 0
801k-850k 2 0
851k-900k 1 1 0.2 6
901k-950k 1 0.2 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.3m-1.4m 1 0
1.9m-2m 2 0
2.25m-2.5m 1 0
3m-3.5m 1 0