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 3 0.5 0
126k-150k 2 0.3 0
151k-175k 1 3 0.5 2
176k-200k 14 17 2 0.2 4.9
201k-225k 12 17 2 0.2 4.2
226k-250k 20 31 3 0.3 3.9
251k-275k 34 64 10 0.3 3.2
276k-300k 77 87 10 0.2 5.3
301k-325k 101 100 21 0.2 6.1
326k-350k 157 142 31 0.2 6.6
351k-375k 113 91 16 0.1 7.5
376k-400k 117 87 14 0.1 8.1
401k-425k 57 53 6 0.2 6.5
426k-450k 51 36 2 0.1 8.5
451k-475k 32 20 1 0.1 9.6
476k-500k 34 22 1 0.1 9.3
501k-550k 26 18 4 0.1 8.7
551k-600k 24 12 3 0.1 12
601k-650k 11 8 2 0.1 8.3
651k-700k 8 7 1 0.1 6.9
701k-750k 9 1 0 54
751k-800k 11 4 1 0.1 16.5
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 4 5 2 0.2 4.8
251k-275k 2 3 1 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 892 452 91 0.1 11.8
26k-50k 832 72 8 0 69.3
51k-75k 117 7 2 0 100.3
76k-100k 23 3 0 46
101k-125k 8 3 0.1 16
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