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
26k-50k 1 1 0.2 0
76k-100k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 3 3 0.2 6
176k-200k 11 14 1 0.2 4.7
201k-225k 13 16 1 0.2 4.9
226k-250k 23 35 9 0.3 3.9
251k-275k 37 64 11 0.3 3.5
276k-300k 85 91 14 0.2 5.6
301k-325k 97 93 14 0.2 6.3
326k-350k 150 138 20 0.2 6.5
351k-375k 116 87 14 0.1 8
376k-400k 122 77 10 0.1 9.5
401k-425k 56 48 5 0.1 7
426k-450k 50 32 2 0.1 9.4
451k-475k 29 21 3 0.1 8.3
476k-500k 33 19 1 0.1 10.4
501k-550k 33 15 0.1 13.2
551k-600k 24 12 2 0.1 12
601k-650k 10 7 1 0.1 8.6
651k-700k 6 8 2 0.2 4.5
701k-750k 9 1 0 54
751k-800k 10 5 1 0.1 12
801k-850k 2 1 0.1 12
851k-900k 4 1 0 24
901k-950k 2 0.3 0
951k-1m 2 0
1.3m-1.4m 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 3 1 0.5 2

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 6 4 1 0.1 9
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
1k-25k 882 446 107 0.1 11.9
26k-50k 796 73 14 0 65.4
51k-75k 111 6 1 0 111
76k-100k 22 5 2 0 26.4
101k-125k 7 2 0 21
126k-150k 7 0
176k-200k 2 1 0.1 12
201k-225k 1 0.2 0
226k-250k 2 1 0.1 12
251k-275k 2 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
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