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 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
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 4 2 0.7 1.5
126k-150k 4 6 2 0.3 4
151k-175k 9 7 2 0.1 7.7
176k-200k 8 6 1 0.1 8
201k-225k 9 11 1 0.2 4.9
226k-250k 15 16 2 0.2 5.6
251k-275k 14 28 4 0.3 3
276k-300k 70 60 11 0.1 7
301k-325k 56 59 14 0.2 5.7
326k-350k 91 76 17 0.1 7.2
351k-375k 73 74 14 0.2 5.9
376k-400k 96 66 16 0.1 8.7
401k-425k 57 46 8 0.1 7.4
426k-450k 53 42 3 0.1 7.6
451k-475k 40 36 6 0.2 6.7
476k-500k 48 34 5 0.1 8.5
501k-550k 57 52 5 0.2 6.6
551k-600k 57 40 8 0.1 8.6
601k-650k 43 40 5 0.2 6.5
651k-700k 36 28 4 0.1 7.7
701k-750k 33 23 1 0.1 8.6
751k-800k 30 21 0.1 8.6
801k-850k 23 13 4 0.1 10.6
851k-900k 19 10 1 0.1 11.4
901k-950k 24 10 1 0.1 14.4
951k-1m 17 8 1 0.1 12.8
1m-1.1m 14 8 3 0.1 10.5
1.1m-1.2m 18 9 2 0.1 12
1.2m-1.3m 8 6 1 0.1 8
1.3m-1.4m 3 8 1 0.4 2.3
1.4m-1.5m 4 4 2 0.2 6
1.5m-1.6m 5 1 0 30
1.6m-1.7m 9 2 0 27
1.7m-1.8m 1 3 1 0.5 2
1.8m-1.9m 4 0
1.9m-2m 6 3 0.1 12
2m-2.25m 3 0
2.25m-2.5m 6 0
2.5m-2.75m 2 0
4.5m-5m 1 0

Townhouses 15% 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 4 1 0 24
251k-275k 1 1 0.2 0
301k-325k 3 1 0.1 18
326k-350k 6 4 0.1 9
351k-375k 1 4 2 0.7 1.5
376k-400k 2 2 0.2 6
426k-450k 1 0
476k-500k 3 0
501k-550k 1 1 1 0.2 6
601k-650k 1 0

Condos 2% 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
76k-100k 1 2 0.3 3
101k-125k 5 2 0.1 15
126k-150k 11 5 1 0.1 13.2
151k-175k 33 16 1 0.1 12.4
176k-200k 32 18 3 0.1 10.7
201k-225k 21 11 1 0.1 11.5
226k-250k 21 19 1 0.2 6.6
251k-275k 29 23 4 0.1 7.6
276k-300k 45 19 3 0.1 14.2
301k-325k 24 11 3 0.1 13.1
326k-350k 28 5 1 0 33.6
351k-375k 26 8 3 0.1 19.5
376k-400k 29 7 1 0 24.9
401k-425k 18 10 2 0.1 10.8
426k-450k 14 1 0 84
451k-475k 11 6 1 0.1 11
476k-500k 15 5 0.1 18
501k-550k 24 6 1 0 24
551k-600k 12 2 0 36
601k-650k 8 2 0 24
651k-700k 5 0
701k-750k 10 2 1 0 30
751k-800k 7 1 1 0 42
801k-850k 2 0
851k-900k 3 0
1.1m-1.2m 3 0

Land 2% 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 393 174 26 0.1 13.6
26k-50k 344 101 13 0 20.4
51k-75k 137 45 2 0.1 18.3
76k-100k 79 22 2 0 21.5
101k-125k 46 11 3 0 25.1
126k-150k 31 8 1 0 23.3
151k-175k 19 12 1 0.1 9.5
176k-200k 24 3 0 48
201k-225k 16 5 0.1 19.2
226k-250k 14 2 0 42
251k-275k 14 5 0.1 16.8
276k-300k 22 5 2 0 26.4
301k-325k 10 1 0 60
326k-350k 17 2 0 51
351k-375k 8 3 0.1 16
376k-400k 12 1 0 72
401k-425k 7 2 0 21
426k-450k 7 2 1 0 21
451k-475k 5 0
476k-500k 7 0
501k-550k 5 0
551k-600k 5 1 0 30
601k-650k 6 0
651k-700k 1 0
701k-750k 3 0
751k-800k 12 0
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 6 0
1m-1.1m 4 1 0 24
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 3 0
2m-2.25m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
5.01m-6m 2 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0