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 12 15 3 0.2 4.8
201k-225k 13 17 3 0.2 4.6
226k-250k 21 31 2 0.2 4.1
251k-275k 28 63 9 0.4 2.7
276k-300k 81 92 12 0.2 5.3
301k-325k 94 100 21 0.2 5.6
326k-350k 153 135 25 0.1 6.8
351k-375k 117 93 16 0.1 7.5
376k-400k 114 88 14 0.1 7.8
401k-425k 64 56 9 0.1 6.9
426k-450k 51 38 4 0.1 8.1
451k-475k 31 24 1 0.1 7.8
476k-500k 37 21 1 0.1 10.6
501k-550k 22 19 4 0.1 6.9
551k-600k 25 12 2 0.1 12.5
601k-650k 11 7 2 0.1 9.4
651k-700k 7 7 1 0.2 6
701k-750k 9 1 0 54
751k-800k 10 4 3 0.1 15
801k-850k 4 1 0 24
851k-900k 3 1 0.1 18
901k-950k 1 2 0.3 3
951k-1m 1 0
1.4m-1.5m 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 3 1 0.1 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 1 0 36
251k-275k 4 4 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 879 439 63 0.1 12
26k-50k 840 71 8 0 71
51k-75k 112 9 2 0 74.7
76k-100k 23 3 1 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