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
126k-150k 1 0.2 0
226k-250k 4 0.7 0
251k-275k 1 0.2 0
276k-300k 2 10 1 0.8 1.2
301k-325k 15 16 3 0.2 5.6
326k-350k 27 46 8 0.3 3.5
351k-375k 27 69 7 0.4 2.3
376k-400k 43 85 11 0.3 3
401k-425k 46 97 14 0.4 2.8
426k-450k 41 88 14 0.4 2.8
451k-475k 26 78 6 0.5 2
476k-500k 39 76 12 0.3 3.1
501k-550k 42 95 10 0.4 2.7
551k-600k 42 71 12 0.3 3.5
601k-650k 22 63 6 0.5 2.1
651k-700k 30 44 6 0.2 4.1
701k-750k 26 32 5 0.2 4.9
751k-800k 12 24 2 0.3 3
801k-850k 10 11 1 0.2 5.5
851k-900k 5 11 1 0.4 2.7
901k-950k 11 7 1 0.1 9.4
951k-1m 4 9 0.4 2.7
1m-1.1m 2 12 1 1 1
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 2 8 1 0.7 1.5
1.3m-1.4m 8 2 0 24
1.4m-1.5m 5 4 0.1 7.5
1.5m-1.6m 2 2 1 0.2 6
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 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
201k-225k 9 3 1.5 0
226k-250k 7 9 1 0.2 4.7
251k-275k 3 11 2 0.6 1.6
276k-300k 18 33 7 0.3 3.3
301k-325k 42 111 9 0.4 2.3
326k-350k 16 55 10 0.6 1.7
351k-375k 12 12 1 0.2 6
376k-400k 4 10 1 0.4 2.4
401k-425k 5 6 2 0.2 5
426k-450k 6 5 1 0.1 7.2
451k-475k 3 3 0.2 6
476k-500k 3 1 0.1 18
501k-550k 2 3 1 0.3 4
551k-600k 1 0
651k-700k 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
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 0.2 0
301k-325k 2 0
326k-350k 2 0
351k-375k 3 0
376k-400k 1 0
451k-475k 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
1k-25k 2 0.3 0
26k-50k 2 0
51k-75k 1 0.2 0
76k-100k 1 0
101k-125k 3 1 1 0.1 18
126k-150k 5 5 1 0.2 6
151k-175k 2 2 0.2 6
176k-200k 1 1 0.2 6
201k-225k 1 1 0.2 6
226k-250k 2 0
251k-275k 1 0
276k-300k 1 0.2 0
326k-350k 1 0
401k-425k 1 0.2 0
426k-450k 1 0
551k-600k 1 0
651k-700k 2 0
701k-750k 1 0
951k-1m 4 0
1m-1.1m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3.5m-4m 2 0
6.01m-7m 1 0