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
51k-75k 1 0
76k-100k 1 1 0.2 0
101k-125k 3 0.5 0
126k-150k 3 0.5 0
151k-175k 1 5 1 0.8 1.2
176k-200k 8 16 5 0.3 3
201k-225k 14 19 1 0.2 4.4
226k-250k 19 35 4 0.3 3.3
251k-275k 27 62 11 0.4 2.6
276k-300k 74 91 8 0.2 4.9
301k-325k 88 100 14 0.2 5.3
326k-350k 150 143 24 0.2 6.3
351k-375k 113 95 10 0.1 7.1
376k-400k 113 90 13 0.1 7.5
401k-425k 67 59 3 0.1 6.8
426k-450k 49 46 4 0.2 6.4
451k-475k 29 23 2 0.1 7.6
476k-500k 37 26 5 0.1 8.5
501k-550k 37 17 3 0.1 13.1
551k-600k 19 13 2 0.1 8.8
601k-650k 9 6 1 0.1 9
651k-700k 5 6 0.2 5
701k-750k 6 2 1 0.1 18
751k-800k 8 3 2 0.1 16
801k-850k 8 2 0 24
851k-900k 3 1 0.1 18
901k-950k 1 3 0.5 2
951k-1m 1 0
1m-1.1m 1 0
1.4m-1.5m 2 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
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 4 2 0.1 12
251k-275k 2 3 0.3 4
276k-300k 1 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
201k-225k 1 2 0.3 3
226k-250k 5 4 0.1 7.5
251k-275k 4 4 1 0.2 6
276k-300k 1 0
351k-375k 1 0

Land 1% 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
-24,000-0 1 1 0.2 6
1k-25k 837 475 54 0.1 10.6
26k-50k 830 82 4 0 60.7
51k-75k 99 10 1 0 59.4
76k-100k 22 4 2 0 33
101k-125k 7 3 2 0.1 14
126k-150k 7 0
176k-200k 2 1 0.1 12
201k-225k 1 1 0.2 6
226k-250k 2 1 0.1 12
251k-275k 3 0
276k-300k 2 1 0.1 12
301k-325k 1 0
351k-375k 2 0
376k-400k 3 0
401k-425k 2 0
426k-450k 2 0
451k-475k 3 0
476k-500k 3 0
501k-550k 1 0
551k-600k 2 0
701k-750k 1 0
751k-800k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.6m-1.7m 2 0
2m-2.25m 1 0
10.01m-11m 1 0