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
151k-175k 1 0
201k-225k 1 1 1 0.2 6
226k-250k 2 4 0.3 3
251k-275k 4 8 3 0.3 3
276k-300k 17 24 6 0.2 4.3
301k-325k 46 70 8 0.3 3.9
326k-350k 94 153 23 0.3 3.7
351k-375k 76 149 19 0.3 3.1
376k-400k 130 176 23 0.2 4.4
401k-425k 93 79 16 0.1 7.1
426k-450k 89 76 11 0.1 7
451k-475k 47 55 10 0.2 5.1
476k-500k 54 41 5 0.1 7.9
501k-550k 84 52 6 0.1 9.7
551k-600k 51 33 7 0.1 9.3
601k-650k 35 22 4 0.1 9.5
651k-700k 50 20 2 0.1 15
701k-750k 52 21 4 0.1 14.9
751k-800k 42 3 0 84
801k-850k 23 3 0 46
851k-900k 17 2 0 51
901k-950k 12 2 1 0 36
951k-1m 20 0
1m-1.1m 13 1 1 0 78
1.1m-1.2m 7 4 2 0.1 10.5
1.2m-1.3m 7 2 1 0 21
1.3m-1.4m 2 0.3 0
1.4m-1.5m 3 0.5 0
1.5m-1.6m 2 4 4 0.3 3
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
6.01m-7m 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 0
226k-250k 8 6 1 0.1 8
251k-275k 41 47 6 0.2 5.2
276k-300k 75 68 11 0.2 6.6
301k-325k 70 121 23 0.3 3.5
326k-350k 33 40 4 0.2 5
351k-375k 21 40 4 0.3 3.2
376k-400k 26 20 4 0.1 7.8
401k-425k 21 13 1 0.1 9.7
426k-450k 32 10 2 0.1 19.2
451k-475k 17 8 0.1 12.8
476k-500k 18 8 2 0.1 13.5
501k-550k 35 11 1 0.1 19.1
551k-600k 19 7 1 0.1 16.3
601k-650k 3 1 0.1 18
651k-700k 1 0
701k-750k 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
126k-150k 1 1 0.2 0
151k-175k 1 1 0.2 0
176k-200k 9 13 4 0.2 4.2
201k-225k 25 15 4 0.1 10
226k-250k 51 17 0.1 18
251k-275k 13 6 0.1 13
276k-300k 17 3 1 0 34
301k-325k 5 2 1 0.1 15
326k-350k 6 0
351k-375k 9 1 1 0 54
376k-400k 13 3 0 26
401k-425k 5 1 0 30
426k-450k 3 0
451k-475k 1 0
476k-500k 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 1 1 0.2 6
26k-50k 3 5 1 0.3 3.6
51k-75k 5 0.8 0
76k-100k 4 1 1 0 24
101k-125k 6 1 1 0 36
126k-150k 2 1 0.1 12
151k-175k 2 0
176k-200k 3 1 0.1 18
201k-225k 1 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 5 0
326k-350k 3 1 0.1 18
376k-400k 2 0
476k-500k 3 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.9m-2m 1 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0