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 23% 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
76k-100k 2 1 0.3 0
101k-125k 4 0.7 0
126k-150k 3 3 0.2 6
151k-175k 4 4 1 0.2 6
176k-200k 6 5 0.1 7.2
201k-225k 5 7 2 0.2 4.3
226k-250k 5 25 6 0.8 1.2
251k-275k 12 23 6 0.3 3.1
276k-300k 9 32 4 0.6 1.7
301k-325k 21 44 7 0.3 2.9
326k-350k 32 60 13 0.3 3.2
351k-375k 28 38 3 0.2 4.4
376k-400k 20 25 3 0.2 4.8
401k-425k 19 32 4 0.3 3.6
426k-450k 22 24 4 0.2 5.5
451k-475k 15 22 5 0.2 4.1
476k-500k 19 21 4 0.2 5.4
501k-550k 23 11 3 0.1 12.5
551k-600k 10 15 5 0.3 4
601k-650k 13 4 1 0.1 19.5
651k-700k 11 7 1 0.1 9.4
701k-750k 5 2 1 0.1 15
751k-800k 4 6 2 0.3 4
801k-850k 1 1 0.2 6
851k-900k 3 2 1 0.1 9
901k-950k 1 2 1 0.3 3
951k-1m 4 4 0.2 6
1m-1.1m 4 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 1 0.2 6
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
4.5m-5m 1 0

Townhouses 33% 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
126k-150k 1 0.2 0
226k-250k 1 2 0.3 3
251k-275k 3 3 0.2 6
276k-300k 1 3 1 0.5 2
351k-375k 1 0

Condos 6% 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
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 1 1 0.2 6
101k-125k 6 10 2 0.3 3.6
126k-150k 14 12 2 0.1 7
151k-175k 24 9 0.1 16
176k-200k 17 8 3 0.1 12.8
201k-225k 10 3 1 0.1 20
226k-250k 6 0
251k-275k 11 1 0 66
276k-300k 17 1 0 102
301k-325k 3 1 0.1 18
326k-350k 4 1 0 24
351k-375k 4 0
376k-400k 1 0
401k-425k 1 0
426k-450k 2 1 0.1 12
476k-500k 1 0
501k-550k 4 0
551k-600k 2 0
651k-700k 1 0
1m-1.1m 1 0

Land 8% 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 5 0.8 0
26k-50k 24 19 1 0.1 7.6
51k-75k 11 12 1 0.2 5.5
76k-100k 18 3 0 36
101k-125k 5 2 0.1 15
126k-150k 7 1 0 42
151k-175k 4 2 1 0.1 12
176k-200k 4 2 1 0.1 12
201k-225k 2 3 0.3 4
226k-250k 2 3 0.3 4
251k-275k 1 1 0.2 6
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 2 0
351k-375k 2 0
376k-400k 3 0
401k-425k 2 0
426k-450k 1 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 6 1 0 36
601k-650k 2 1 0.1 12
651k-700k 1 0
751k-800k 3 0
801k-850k 2 1 0.1 12
851k-900k 2 1 0.1 12
901k-950k 1 0.2 0
951k-1m 1 1 0.2 6
1m-1.1m 1 0
1.1m-1.2m 2 0
1.9m-2m 2 0
2.25m-2.5m 1 0
3m-3.5m 1 0