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 17% 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 2 0.2 6
76k-100k 1 0.2 0
101k-125k 7 1 1.2 0
126k-150k 1 9 1 1.5 0.7
151k-175k 7 14 6 0.3 3
176k-200k 7 21 3 0.5 2
201k-225k 9 21 3 0.4 2.6
226k-250k 22 29 4 0.2 4.6
251k-275k 19 33 5 0.3 3.5
276k-300k 32 53 9 0.3 3.6
301k-325k 44 62 6 0.2 4.3
326k-350k 60 90 10 0.3 4
351k-375k 77 73 12 0.2 6.3
376k-400k 112 107 20 0.2 6.3
401k-425k 68 81 11 0.2 5
426k-450k 94 88 16 0.2 6.4
451k-475k 62 57 6 0.2 6.5
476k-500k 99 64 15 0.1 9.3
501k-550k 127 110 10 0.1 6.9
551k-600k 128 94 12 0.1 8.2
601k-650k 92 79 15 0.1 7
651k-700k 76 47 9 0.1 9.7
701k-750k 41 37 7 0.2 6.6
751k-800k 45 30 7 0.1 9
801k-850k 29 28 11 0.2 6.2
851k-900k 27 9 1 0.1 18
901k-950k 21 16 2 0.1 7.9
951k-1m 32 10 4 0.1 19.2
1m-1.1m 14 14 6 0.2 6
1.1m-1.2m 29 18 7 0.1 9.7
1.2m-1.3m 15 10 6 0.1 9
1.3m-1.4m 9 9 1 0.2 6
1.4m-1.5m 15 6 3 0.1 15
1.5m-1.6m 12 6 4 0.1 12
1.6m-1.7m 10 9 4 0.2 6.7
1.7m-1.8m 2 8 2 0.7 1.5
1.8m-1.9m 9 3 0.1 18
1.9m-2m 8 0
2m-2.25m 7 6 1 0.1 7
2.25m-2.5m 8 5 0.1 9.6
2.5m-2.75m 9 0
2.75m-3m 11 2 1 0 33
3m-3.5m 5 5 4 0.2 6
3.5m-4m 7 0
4m-4.5m 2 2 0.2 6
4.5m-5m 2 1 0.1 12
5.01m-6m 6 1 0 36
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 0
17.01m-18m 1 0.2 0

Townhouses 7% 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
126k-150k 3 4 1 0.2 4.5
151k-175k 7 4 1 0.1 10.5
176k-200k 12 9 0.1 8
201k-225k 12 17 3 0.2 4.2
226k-250k 27 17 3 0.1 9.5
251k-275k 18 16 5 0.1 6.8
276k-300k 32 23 2 0.1 8.3
301k-325k 29 12 0.1 14.5
326k-350k 39 19 0.1 12.3
351k-375k 17 11 0.1 9.3
376k-400k 15 1 0 90
401k-425k 3 1 1 0.1 18
426k-450k 3 0
451k-475k 2 0
476k-500k 2 0
501k-550k 3 0
551k-600k 1 0.2 0
601k-650k 1 0
751k-800k 1 0.2 0
1.1m-1.2m 1 0

Condos 9% 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 2 0
76k-100k 9 11 2 0.2 4.9
101k-125k 20 24 4 0.2 5
126k-150k 52 35 7 0.1 8.9
151k-175k 63 50 5 0.1 7.6
176k-200k 103 60 10 0.1 10.3
201k-225k 104 64 10 0.1 9.8
226k-250k 130 50 13 0.1 15.6
251k-275k 94 50 9 0.1 11.3
276k-300k 143 49 4 0.1 17.5
301k-325k 108 42 6 0.1 15.4
326k-350k 116 30 2 0 23.2
351k-375k 69 20 3 0 20.7
376k-400k 83 24 5 0 20.8
401k-425k 35 10 4 0 21
426k-450k 46 18 4 0.1 15.3
451k-475k 30 19 4 0.1 9.5
476k-500k 26 11 4 0.1 14.2
501k-550k 35 17 2 0.1 12.4
551k-600k 16 7 1 0.1 13.7
601k-650k 10 2 1 0 30
651k-700k 11 2 0 33
701k-750k 9 3 1 0.1 18
751k-800k 6 0
801k-850k 4 3 0.1 8
851k-900k 11 1 0 66
901k-950k 3 0
951k-1m 4 1 1 0 24
1m-1.1m 1 0
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 6 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 2 2 1 0.2 6
1.7m-1.8m 1 0.2 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0

Land 9% 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 16 31 5 0.3 3.1
26k-50k 56 57 15 0.2 5.9
51k-75k 73 36 13 0.1 12.2
76k-100k 54 8 1 0 40.5
101k-125k 12 6 1 0.1 12
126k-150k 27 5 0 32.4
151k-175k 22 9 1 0.1 14.7
176k-200k 25 5 1 0 30
201k-225k 20 2 1 0 60
226k-250k 17 3 0 34
251k-275k 16 4 1 0 24
276k-300k 6 3 0.1 12
301k-325k 5 2 0.1 15
326k-350k 6 0
351k-375k 3 0
376k-400k 2 0
426k-450k 5 0
451k-475k 2 0
476k-500k 7 3 0.1 14
501k-550k 5 1 0 30
551k-600k 9 2 0 27
601k-650k 5 3 0.1 10
651k-700k 1 0
701k-750k 5 0
751k-800k 4 0
801k-850k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 4 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2.25m-2.5m 1 2 2 0.3 3
2.5m-2.75m 2 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
4m-4.5m 1 1 0.2 6
5.01m-6m 1 0
6.01m-7m 2 0
11.01m-12m 1 0