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 Since 12/31 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
51k-75k 1 0
76k-100k 1 1 0.2 0
101k-125k 3 0.5 0
126k-150k 3 0.5 0
151k-175k 1 5 1 0.8 1.2
176k-200k 8 16 4 0.3 3
201k-225k 14 19 2 0.2 4.4
226k-250k 20 33 3 0.3 3.6
251k-275k 29 63 12 0.4 2.8
276k-300k 73 90 8 0.2 4.9
301k-325k 88 98 12 0.2 5.4
326k-350k 153 142 22 0.2 6.5
351k-375k 116 94 10 0.1 7.4
376k-400k 112 89 13 0.1 7.6
401k-425k 67 57 3 0.1 7.1
426k-450k 50 44 4 0.1 6.8
451k-475k 29 23 1 0.1 7.6
476k-500k 36 26 4 0.1 8.3
501k-550k 36 17 3 0.1 12.7
551k-600k 19 13 2 0.1 8.8
601k-650k 8 6 1 0.1 8
651k-700k 5 6 0.2 5
701k-750k 7 2 1 0 21
751k-800k 8 4 3 0.1 12
801k-850k 7 1 0 42
851k-900k 3 1 0.1 18
901k-950k 1 3 0.5 2
951k-1m 1 0
1m-1.1m 1 0
1.4m-1.5m 2 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 3 2 0.1 9
251k-275k 2 3 0.3 4
276k-300k 1 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 4 0.1 7.5
251k-275k 4 4 1 0.2 6
276k-300k 1 0
351k-375k 1 0

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.2 6
1k-25k 861 454 52 0.1 11.4
26k-50k 832 81 4 0 61.6
51k-75k 104 10 1 0 62.4
76k-100k 22 4 2 0 33
101k-125k 7 3 2 0.1 14
126k-150k 7 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
301k-325k 1 0
351k-375k 2 0
376k-400k 3 0
401k-425k 2 0
426k-450k 2 0
451k-475k 3 0
476k-500k 3 0
501k-550k 1 0
551k-600k 2 0
701k-750k 1 0
751k-800k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.6m-1.7m 2 0
2m-2.25m 1 0
10.01m-11m 1 0