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 2 0.3 0
276k-300k 3 7 0.4 2.6
301k-325k 8 19 4 0.4 2.5
326k-350k 16 50 10 0.5 1.9
351k-375k 39 59 12 0.3 4
376k-400k 31 88 19 0.5 2.1
401k-425k 37 90 18 0.4 2.5
426k-450k 40 80 7 0.3 3
451k-475k 28 66 7 0.4 2.5
476k-500k 41 80 16 0.3 3.1
501k-550k 49 82 9 0.3 3.6
551k-600k 43 61 9 0.2 4.2
601k-650k 33 53 4 0.3 3.7
651k-700k 27 39 3 0.2 4.2
701k-750k 30 30 2 0.2 6
751k-800k 18 22 1 0.2 4.9
801k-850k 3 9 2 0.5 2
851k-900k 8 13 1 0.3 3.7
901k-950k 8 5 0.1 9.6
951k-1m 3 6 0.3 3
1m-1.1m 4 8 0.3 3
1.1m-1.2m 5 3 2 0.1 10
1.2m-1.3m 3 7 0.4 2.6
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 4 5 1 0.2 4.8
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 1 0.2 0
1.7m-1.8m 2 0
1.9m-2m 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
201k-225k 1 10 2 1.7 0.6
226k-250k 4 7 0.3 3.4
251k-275k 1 13 3 2.2 0.5
276k-300k 20 41 6 0.3 2.9
301k-325k 40 108 15 0.5 2.2
326k-350k 13 38 1 0.5 2.1
351k-375k 13 13 5 0.2 6
376k-400k 6 8 0.2 4.5
401k-425k 7 5 0.1 8.4
426k-450k 3 4 0.2 4.5
451k-475k 5 2 0.1 15
476k-500k 2 1 0.1 12
501k-550k 2 2 0.2 6
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
76k-100k 1 0
201k-225k 1 0.2 0
226k-250k 1 0
276k-300k 2 0
326k-350k 3 0
351k-375k 2 0
376k-400k 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
26k-50k 1 0
51k-75k 1 0.2 0
76k-100k 1 0
101k-125k 4 1 0 24
126k-150k 6 2 0.1 18
151k-175k 3 2 0.1 9
176k-200k 1 3 2 0.5 2
201k-225k 1 0
226k-250k 1 0
251k-275k 1 0
276k-300k 1 2 1 0.3 3
426k-450k 1 0
476k-500k 1 0
651k-700k 2 0
701k-750k 1 0
851k-900k 1 0
951k-1m 4 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3.5m-4m 2 0
6.01m-7m 1 0