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 7 16 4 0.4 2.6
201k-225k 13 19 2 0.2 4.1
226k-250k 19 36 4 0.3 3.2
251k-275k 27 62 12 0.4 2.6
276k-300k 67 91 8 0.2 4.4
301k-325k 85 100 15 0.2 5.1
326k-350k 153 143 22 0.2 6.4
351k-375k 113 96 9 0.1 7.1
376k-400k 115 89 12 0.1 7.8
401k-425k 66 58 4 0.1 6.8
426k-450k 51 48 9 0.2 6.4
451k-475k 30 23 2 0.1 7.8
476k-500k 38 26 5 0.1 8.8
501k-550k 36 17 3 0.1 12.7
551k-600k 18 13 2 0.1 8.3
601k-650k 7 6 1 0.1 7
651k-700k 5 6 0.2 5
701k-750k 6 2 1 0.1 18
751k-800k 8 3 2 0.1 16
801k-850k 7 2 0 21
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 3 3 0.2 6
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 824 476 52 0.1 10.4
26k-50k 827 85 4 0 58.4
51k-75k 92 10 1 0 55.2
76k-100k 20 3 1 0 40
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