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 6 1 1 1
176k-200k 6 16 4 0.4 2.3
201k-225k 10 20 2 0.3 3
226k-250k 17 35 3 0.3 2.9
251k-275k 27 62 11 0.4 2.6
276k-300k 60 94 7 0.3 3.8
301k-325k 84 99 12 0.2 5.1
326k-350k 150 142 18 0.2 6.3
351k-375k 113 97 8 0.1 7
376k-400k 125 91 11 0.1 8.2
401k-425k 64 59 3 0.2 6.5
426k-450k 54 49 10 0.2 6.6
451k-475k 27 24 2 0.1 6.8
476k-500k 38 25 4 0.1 9.1
501k-550k 28 18 2 0.1 9.3
551k-600k 19 14 2 0.1 8.1
601k-650k 9 6 1 0.1 9
651k-700k 7 7 0.2 6
701k-750k 5 2 1 0.1 15
751k-800k 7 2 1 0 21
801k-850k 7 2 0 21
851k-900k 3 2 0.1 9
901k-950k 1 3 0.5 2
951k-1m 1 0
1m-1.1m 1 0
1.4m-1.5m 2 0
1.8m-1.9m 1 0.2 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 4 4 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 6 4 0.1 9
251k-275k 4 3 0.1 8
276k-300k 1 0
351k-375k 1 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 1 0.2 6
1k-25k 813 487 45 0.1 10
26k-50k 819 86 4 0 57.1
51k-75k 92 10 1 0 55.2
76k-100k 20 4 1 0 30
101k-125k 6 3 2 0.1 12
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