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 1 3 0.5 2
176k-200k 15 17 2 0.2 5.3
201k-225k 12 16 2 0.2 4.5
226k-250k 20 32 4 0.3 3.8
251k-275k 34 63 8 0.3 3.2
276k-300k 77 87 10 0.2 5.3
301k-325k 99 100 20 0.2 5.9
326k-350k 154 143 28 0.2 6.5
351k-375k 113 93 18 0.1 7.3
376k-400k 117 85 13 0.1 8.3
401k-425k 59 53 5 0.1 6.7
426k-450k 50 35 1 0.1 8.6
451k-475k 30 21 2 0.1 8.6
476k-500k 34 21 1 0.1 9.7
501k-550k 26 18 3 0.1 8.7
551k-600k 25 12 2 0.1 12.5
601k-650k 10 8 1 0.1 7.5
651k-700k 8 7 1 0.1 6.9
701k-750k 9 1 0 54
751k-800k 11 5 2 0.1 13.2
801k-850k 1 1 0.2 6
851k-900k 4 1 0 24
901k-950k 1 2 0.3 3
951k-1m 1 0

Townhouses 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
226k-250k 3 5 2 0.3 3.6
251k-275k 2 3 0.3 4

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 6 0
251k-275k 4 5 1 0.2 4.8
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 890 450 87 0.1 11.9
26k-50k 840 71 7 0 71
51k-75k 119 7 2 0 102
76k-100k 24 3 0 48
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 1 0.1 12
351k-375k 2 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 2 0
1.3m-1.4m 1 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