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 Last 6 Months 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 0.2 0
101k-125k 2 0.3 0
126k-150k 2 0.3 0
151k-175k 2 3 0.3 4
176k-200k 11 14 2 0.2 4.7
201k-225k 10 15 0.3 4
226k-250k 20 33 6 0.3 3.6
251k-275k 34 63 9 0.3 3.2
276k-300k 79 84 9 0.2 5.6
301k-325k 99 93 15 0.2 6.4
326k-350k 157 135 23 0.1 7
351k-375k 113 85 18 0.1 8
376k-400k 119 78 12 0.1 9.2
401k-425k 59 47 5 0.1 7.5
426k-450k 52 33 1 0.1 9.5
451k-475k 31 20 3 0.1 9.3
476k-500k 32 19 1 0.1 10.1
501k-550k 26 16 2 0.1 9.8
551k-600k 25 13 3 0.1 11.5
601k-650k 10 7 1 0.1 8.6
651k-700k 9 7 1 0.1 7.7
701k-750k 9 1 0 54
751k-800k 11 5 2 0.1 13.2
801k-850k 2 1 0.1 12
851k-900k 4 1 0 24
901k-950k 2 0.3 0
951k-1m 1 0
1.4m-1.5m 1 0

Townhouses 20% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
226k-250k 3 6 3 0.3 3
251k-275k 1 4 1 0.7 1.5

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 0
251k-275k 5 5 1 0.2 6
276k-300k 2 0
351k-375k 1 0

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 893 454 101 0.1 11.8
26k-50k 838 70 11 0 71.8
51k-75k 118 6 2 0 118
76k-100k 24 5 2 0 28.8
101k-125k 8 2 0 24
126k-150k 6 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 0
351k-375k 1 0
376k-400k 3 0
401k-425k 3 0
426k-450k 2 0
451k-475k 3 0
476k-500k 1 0
501k-550k 1 0
551k-600k 2 0
751k-800k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 3 0
1.6m-1.7m 2 0
2m-2.25m 1 0
2.75m-3m 1 0
3.5m-4m 1 0
10.01m-11m 1 0