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 0% 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
176k-200k 1 0.2 0
226k-250k 3 1 0.5 0
251k-275k 1 6 1 1 1
276k-300k 3 10 1 0.6 1.8
301k-325k 6 12 1 0.3 3
326k-350k 17 46 5 0.5 2.2
351k-375k 19 37 11 0.3 3.1
376k-400k 44 68 12 0.3 3.9
401k-425k 49 65 12 0.2 4.5
426k-450k 27 59 13 0.4 2.7
451k-475k 27 55 4 0.3 2.9
476k-500k 25 50 8 0.3 3
501k-550k 42 71 6 0.3 3.5
551k-600k 28 53 10 0.3 3.2
601k-650k 21 35 3 0.3 3.6
651k-700k 22 31 1 0.2 4.3
701k-750k 20 24 3 0.2 5
751k-800k 5 16 2 0.5 1.9
801k-850k 5 15 4 0.5 2
851k-900k 6 11 1 0.3 3.3
901k-950k 5 1 0.8 0
951k-1m 4 3 0.1 8
1m-1.1m 5 2 0.1 15
1.1m-1.2m 3 6 2 0.3 3
1.2m-1.3m 2 0
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0

Townhouses 0% 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 1 0
201k-225k 1 1 1 0.2 6
226k-250k 4 1 0 24
251k-275k 5 20 7 0.7 1.5
276k-300k 12 89 16 1.2 0.8
301k-325k 17 64 6 0.6 1.6
326k-350k 27 42 4 0.3 3.9
351k-375k 8 22 3 0.5 2.2
376k-400k 3 3 2 0.2 6
426k-450k 1 2 1 0.3 3
451k-475k 1 1 0.2 6
476k-500k 1 0
501k-550k 1 0.2 0

Condos 0% 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 1 0.2 0
176k-200k 1 0.2 0
201k-225k 4 0
226k-250k 6 2 0.1 18
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 1 0

Land 0% 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 2 0.3 0
51k-75k 1 0.2 0
76k-100k 1 1 0.2 0
101k-125k 1 1 0.2 6
126k-150k 1 0.2 0
151k-175k 1 2 0.3 3
176k-200k 3 0
226k-250k 5 0
251k-275k 3 1 0.1 18
301k-325k 1 1 0.2 0
351k-375k 1 0
451k-475k 1 0
701k-750k 1 0
801k-850k 1 0
851k-900k 1 0.2 0
1.1m-1.2m 1 0.2 0
2m-2.25m 1 0
2.75m-3m 1 0
3.5m-4m 1 0
5.01m-6m 1 0