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
1k-25k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 1 6 2 1 1
101k-125k 1 3 0.5 2
126k-150k 3 12 2 0.7 1.5
151k-175k 10 29 3 0.5 2.1
176k-200k 8 29 4 0.6 1.7
201k-225k 34 54 10 0.3 3.8
226k-250k 51 79 10 0.3 3.9
251k-275k 53 71 8 0.2 4.5
276k-300k 53 64 7 0.2 5
301k-325k 31 54 3 0.3 3.4
326k-350k 28 68 11 0.4 2.5
351k-375k 24 45 7 0.3 3.2
376k-400k 41 48 7 0.2 5.1
401k-425k 16 35 3 0.4 2.7
426k-450k 24 21 1 0.1 6.9
451k-475k 20 28 2 0.2 4.3
476k-500k 16 30 1 0.3 3.2
501k-550k 23 30 3 0.2 4.6
551k-600k 24 22 1 0.2 6.5
601k-650k 3 19 1.1 0.9
651k-700k 4 17 0.7 1.4
701k-750k 12 8 1 0.1 9
751k-800k 13 3 0 26
801k-850k 5 5 0.2 6
851k-900k 5 3 0.1 10
901k-950k 1 6 1 1
951k-1m 2 5 0.4 2.4
1m-1.1m 4 2 0.1 12
1.1m-1.2m 4 1 0 24
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 2 0.3 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0.2 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
2.25m-2.5m 1 0
2.5m-2.75m 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
101k-125k 1 0
176k-200k 1 0.2 0
226k-250k 7 2 0 21
251k-275k 3 9 1 0.5 2
276k-300k 6 23 0.6 1.6
301k-325k 5 24 0.8 1.3
326k-350k 5 5 0.2 6
351k-375k 3 4 0.2 4.5
376k-400k 3 2 1 0.1 9
426k-450k 4 1 0 24
476k-500k 1 1 0.2 6

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
26k-50k 6 1 1 0 36
51k-75k 2 4 1 0.3 3
76k-100k 23 11 0.1 12.5
101k-125k 37 26 4 0.1 8.5
126k-150k 37 21 7 0.1 10.6
151k-175k 35 21 0.1 10
176k-200k 19 13 1 0.1 8.8
201k-225k 14 13 1 0.2 6.5
226k-250k 12 14 3 0.2 5.1
251k-275k 10 4 2 0.1 15
276k-300k 9 3 0.1 18
301k-325k 3 2 0.1 9
326k-350k 5 1 1 0 30
351k-375k 1 2 0.3 3
376k-400k 1 0
426k-450k 4 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 0
1k-25k 31 20 2 0.1 9.3
26k-50k 41 17 2 0.1 14.5
51k-75k 17 7 1 0.1 14.6
76k-100k 9 2 0 27
101k-125k 3 3 1 0.2 6
126k-150k 10 1 0 60
151k-175k 5 0
176k-200k 4 0
201k-225k 3 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 2 0
301k-325k 2 0
326k-350k 4 2 1 0.1 12
351k-375k 2 0
376k-400k 1 0
426k-450k 1 0
476k-500k 2 0
501k-550k 2 0
551k-600k 1 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0