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
1k-25k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 1 5 3 0.8 1.2
101k-125k 1 3 0.5 2
126k-150k 4 12 2 0.5 2
151k-175k 8 29 4 0.6 1.7
176k-200k 13 29 3 0.4 2.7
201k-225k 31 54 9 0.3 3.4
226k-250k 46 82 9 0.3 3.4
251k-275k 51 71 8 0.2 4.3
276k-300k 58 65 11 0.2 5.4
301k-325k 36 63 3 0.3 3.4
326k-350k 26 67 13 0.4 2.3
351k-375k 29 45 9 0.3 3.9
376k-400k 42 49 6 0.2 5.1
401k-425k 17 37 5 0.4 2.8
426k-450k 26 23 1 0.1 6.8
451k-475k 22 31 5 0.2 4.3
476k-500k 17 29 2 0.3 3.5
501k-550k 23 31 6 0.2 4.5
551k-600k 24 23 1 0.2 6.3
601k-650k 5 22 0.7 1.4
651k-700k 6 18 0.5 2
701k-750k 12 8 1 0.1 9
751k-800k 16 3 0 32
801k-850k 4 5 0.2 4.8
851k-900k 6 3 0.1 12
901k-950k 2 7 0.6 1.7
951k-1m 2 5 0.4 2.4
1m-1.1m 4 2 1 0.1 12
1.1m-1.2m 5 1 0 30
1.2m-1.3m 4 1 0 24
1.3m-1.4m 1 3 0.5 2
1.4m-1.5m 2 0
1.5m-1.6m 1 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 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
101k-125k 1 0
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 8 3 0.1 16
251k-275k 3 8 0.4 2.3
276k-300k 6 24 1 0.7 1.5
301k-325k 6 26 0.7 1.4
326k-350k 4 7 0.3 3.4
351k-375k 2 4 0.3 3
376k-400k 3 3 1 0.2 6
426k-450k 3 1 0.1 18
476k-500k 1 1 0.2 6

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
51k-75k 3 4 1 0.2 4.5
76k-100k 25 12 3 0.1 12.5
101k-125k 42 27 4 0.1 9.3
126k-150k 37 20 6 0.1 11.1
151k-175k 37 22 2 0.1 10.1
176k-200k 18 13 0.1 8.3
201k-225k 14 14 1 0.2 6
226k-250k 12 15 4 0.2 4.8
251k-275k 10 4 2 0.1 15
276k-300k 9 3 0.1 18
301k-325k 4 2 0.1 12
326k-350k 6 0
351k-375k 1 2 0.3 3
376k-400k 1 0
426k-450k 4 0

Land 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
-24,000-0 1 0
1k-25k 23 19 2 0.1 7.3
26k-50k 43 16 4 0.1 16.1
51k-75k 15 8 3 0.1 11.3
76k-100k 10 3 0.1 20
101k-125k 3 2 0.1 9
126k-150k 10 1 0 60
151k-175k 5 0
176k-200k 4 0
201k-225k 3 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 1 0
301k-325k 1 0
326k-350k 5 2 1 0.1 15
351k-375k 2 0
376k-400k 1 0
426k-450k 1 0
476k-500k 2 0
501k-550k 2 0
551k-600k 1 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0