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 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
1k-25k 1 0.2 0
26k-50k 1 0.2 0
101k-125k 3 0.5 0
126k-150k 2 0.3 0
151k-175k 1 7 3 1.2 0.9
176k-200k 8 14 1 0.3 3.4
201k-225k 7 21 3 0.5 2
226k-250k 18 34 7 0.3 3.2
251k-275k 26 56 10 0.4 2.8
276k-300k 38 106 19 0.5 2.2
301k-325k 95 104 10 0.2 5.5
326k-350k 139 156 19 0.2 5.3
351k-375k 106 104 22 0.2 6.1
376k-400k 119 96 12 0.1 7.4
401k-425k 58 71 8 0.2 4.9
426k-450k 55 48 4 0.1 6.9
451k-475k 33 28 5 0.1 7.1
476k-500k 32 24 3 0.1 8
501k-550k 35 26 3 0.1 8.1
551k-600k 18 15 2 0.1 7.2
601k-650k 11 8 1 0.1 8.3
651k-700k 8 8 1 0.2 6
701k-750k 4 2 0.1 12
751k-800k 7 3 0.1 14
801k-850k 5 2 1 0.1 15
851k-900k 3 3 0.2 6
901k-950k 1 3 0.5 2
951k-1m 1 0
1.4m-1.5m 2 0
1.8m-1.9m 1 0.2 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 2 0.1 12
251k-275k 6 4 0.1 9
276k-300k 2 0
301k-325k 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
201k-225k 1 3 1 0.5 2
226k-250k 3 5 0.3 3.6
251k-275k 5 3 0.1 10
276k-300k 3 0
351k-375k 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
-24,000-0 1 1 0.2 6
1k-25k 806 571 73 0.1 8.5
26k-50k 874 108 13 0 48.6
51k-75k 124 14 0 53.1
76k-100k 27 3 0 54
101k-125k 8 1 0 48
126k-150k 10 1 0 60
151k-175k 1 0
176k-200k 2 2 1 0.2 6
201k-225k 1 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
326k-350k 1 0.2 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
1.3m-1.4m 1 0
1.6m-1.7m 2 0
2m-2.25m 1 0
3m-3.5m 1 0
10.01m-11m 1 0