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 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
251k-275k 1 0
301k-325k 1 1 0.2 6
326k-350k 3 3 0.2 6
351k-375k 3 3 0.2 6
376k-400k 5 20 1 0.7 1.5
401k-425k 11 10 5 0.2 6.6
426k-450k 9 17 2 0.3 3.2
451k-475k 6 5 0.1 7.2
476k-500k 12 15 3 0.2 4.8
501k-550k 26 28 7 0.2 5.6
551k-600k 35 37 8 0.2 5.7
601k-650k 31 18 2 0.1 10.3
651k-700k 30 22 6 0.1 8.2
701k-750k 24 23 5 0.2 6.3
751k-800k 19 18 6 0.2 6.3
801k-850k 13 21 2 0.3 3.7
851k-900k 20 14 3 0.1 8.6
901k-950k 15 8 0.1 11.3
951k-1m 10 8 1 0.1 7.5
1m-1.1m 9 7 1 0.1 7.7
1.1m-1.2m 4 5 2 0.2 4.8
1.2m-1.3m 9 10 2 0.2 5.4
1.3m-1.4m 6 7 0.2 5.1
1.4m-1.5m 3 2 0.1 9
1.5m-1.6m 4 4 1 0.2 6
1.6m-1.7m 1 3 1 0.5 2
1.7m-1.8m 4 4 1 0.2 6
1.8m-1.9m 1 1 0.2 6
1.9m-2m 2 1 1 0.1 12
2m-2.25m 2 1 0.1 12
2.25m-2.5m 4 0
2.5m-2.75m 2 1 0.1 12
2.75m-3m 4 3 1 0.1 8
3m-3.5m 2 1 1 0.1 12
4.5m-5m 2 0

Townhouses 17% 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
251k-275k 1 1 0.2 0
301k-325k 1 0.2 0
326k-350k 1 0.2 0
351k-375k 5 4 0.1 7.5
376k-400k 5 0
401k-425k 1 0
426k-450k 2 5 2 0.4 2.4
451k-475k 3 2 0.1 9
476k-500k 1 0
501k-550k 2 0

Condos 11% 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 2 1 0.3 3
201k-225k 1 4 0.7 1.5
226k-250k 2 2 0.2 6
251k-275k 3 12 0.7 1.5
276k-300k 21 17 1 0.1 7.4
301k-325k 23 13 2 0.1 10.6
326k-350k 21 15 5 0.1 8.4
351k-375k 16 8 2 0.1 12
376k-400k 9 5 0.1 10.8
401k-425k 13 9 1 0.1 8.7
426k-450k 23 4 2 0 34.5
451k-475k 20 6 0.1 20
476k-500k 14 4 0 21
501k-550k 12 4 1 0.1 18
551k-600k 12 10 3 0.1 7.2
601k-650k 5 1 0 30
651k-700k 6 1 0 36
701k-750k 3 3 1 0.2 6
751k-800k 3 5 0.3 3.6
801k-850k 1 5 0.8 1.2
851k-900k 5 2 0.1 15
901k-950k 2 0.3 0
951k-1m 2 1 0.1 12
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 3 2 1 0.1 9
1.4m-1.5m 1 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
3m-3.5m 3 0
3.5m-4m 2 0
4m-4.5m 3 0
4.5m-5m 1 0

Land 6% 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 2 0
26k-50k 3 2 0.1 9
51k-75k 10 0
76k-100k 2 0
126k-150k 1 0
151k-175k 1 0.2 0
426k-450k 1 0.2 0
451k-475k 1 0
551k-600k 1 1 0.2 0
601k-650k 4 0
701k-750k 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
2.5m-2.75m 1 0