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 30% 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
26k-50k 1 7 1.2 0.9
51k-75k 1 7 1.2 0.9
76k-100k 2 13 2 1.1 0.9
101k-125k 2 18 3 1.5 0.7
126k-150k 10 26 4 0.4 2.3
151k-175k 12 29 3 0.4 2.5
176k-200k 14 57 13 0.7 1.5
201k-225k 23 43 11 0.3 3.2
226k-250k 20 84 15 0.7 1.4
251k-275k 40 66 12 0.3 3.6
276k-300k 37 69 10 0.3 3.2
301k-325k 24 71 8 0.5 2
326k-350k 32 55 9 0.3 3.5
351k-375k 22 40 9 0.3 3.3
376k-400k 30 48 10 0.3 3.8
401k-425k 13 36 7 0.5 2.2
426k-450k 23 28 3 0.2 4.9
451k-475k 16 7 2 0.1 13.7
476k-500k 17 22 3 0.2 4.6
501k-550k 26 29 3 0.2 5.4
551k-600k 10 12 0.2 5
601k-650k 4 8 2 0.3 3
651k-700k 5 8 0.3 3.8
701k-750k 3 3 0.2 6
751k-800k 5 2 0.1 15
801k-850k 1 0
851k-900k 3 0
951k-1m 2 2 0.2 6
1.2m-1.3m 1 0.2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
2.25m-2.5m 1 0

Townhouses 40% 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 2 1 0.3 0
226k-250k 2 0.3 0
251k-275k 2 1 0.3 0
276k-300k 20 41 6 0.3 2.9
301k-325k 11 7 2 0.1 9.4
326k-350k 6 1 1 0 36
351k-375k 1 0.2 0
401k-425k 1 0.2 0
426k-450k 1 0.2 0

Condos 38% 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 1 0.2 6
126k-150k 1 0.2 0
151k-175k 3 2 0.1 9
176k-200k 3 0.5 0
201k-225k 2 3 1 0.3 4
226k-250k 1 5 0.8 1.2
276k-300k 1 0.2 0
301k-325k 1 1 0.2 0
1.2m-1.3m 1 0

Land 28% 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 10 2 1.7 0.6
26k-50k 5 12 1 0.4 2.5
51k-75k 6 18 1 0.5 2
76k-100k 6 5 1 0.1 7.2
101k-125k 1 3 0.5 2
126k-150k 4 0
151k-175k 1 0
176k-200k 3 3 1 0.2 6
201k-225k 2 0
251k-275k 1 0
276k-300k 2 0
326k-350k 1 1 0.2 6
376k-400k 1 1 0.2 6
401k-425k 1 0
451k-475k 1 0
476k-500k 1 0
501k-550k 1 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
9.01m-10m 1 1 0.2 0