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 3 1 0.5 0
151k-175k 3 4 1 0.2 4.5
176k-200k 11 15 1 0.2 4.4
201k-225k 14 15 1 0.2 5.6
226k-250k 25 35 8 0.2 4.3
251k-275k 34 61 9 0.3 3.3
276k-300k 85 85 11 0.2 6
301k-325k 100 92 11 0.2 6.5
326k-350k 143 134 15 0.2 6.4
351k-375k 118 88 13 0.1 8
376k-400k 130 78 7 0.1 10
401k-425k 58 47 6 0.1 7.4
426k-450k 59 29 2 0.1 12.2
451k-475k 29 20 4 0.1 8.7
476k-500k 34 17 1 0.1 12
501k-550k 33 15 1 0.1 13.2
551k-600k 22 11 2 0.1 12
601k-650k 11 6 0.1 11
651k-700k 7 8 2 0.2 5.3
701k-750k 8 1 0 48
751k-800k 9 5 1 0.1 10.8
801k-850k 2 1 0.1 12
851k-900k 4 1 0 24
901k-950k 1 2 0.3 3
951k-1m 2 0
1.3m-1.4m 1 0

Townhouses 25% 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 2 0.3 3
251k-275k 3 1 0.5 0

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 2 2 0.2 6
226k-250k 6 0
251k-275k 6 4 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
-24,000-0 1 0
1k-25k 903 436 87 0.1 12.4
26k-50k 805 73 16 0 66.2
51k-75k 114 5 0 136.8
76k-100k 23 5 2 0 27.6
101k-125k 7 2 0 21
126k-150k 8 0
176k-200k 2 1 0.1 12
201k-225k 1 1 0.2 6
226k-250k 3 1 0.1 18
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