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
51k-75k 1 1 0.2 0
76k-100k 2 6 1 0.5 2
101k-125k 13 3 2.2 0
126k-150k 7 10 0.2 4.2
151k-175k 12 25 1 0.3 2.9
176k-200k 16 20 3 0.2 4.8
201k-225k 15 51 5 0.6 1.8
226k-250k 20 64 9 0.5 1.9
251k-275k 25 51 8 0.3 2.9
276k-300k 36 88 8 0.4 2.5
301k-325k 18 66 7 0.6 1.6
326k-350k 35 56 4 0.3 3.8
351k-375k 24 61 6 0.4 2.4
376k-400k 34 60 6 0.3 3.4
401k-425k 36 69 3 0.3 3.1
426k-450k 33 41 3 0.2 4.8
451k-475k 17 26 6 0.3 3.9
476k-500k 27 25 4 0.2 6.5
501k-550k 32 51 5 0.3 3.8
551k-600k 19 32 3 0.3 3.6
601k-650k 13 26 4 0.3 3
651k-700k 13 17 1 0.2 4.6
701k-750k 8 12 0.3 4
751k-800k 9 20 3 0.4 2.7
801k-850k 7 11 0.3 3.8
851k-900k 7 13 0.3 3.2
901k-950k 4 7 1 0.3 3.4
951k-1m 4 4 0.2 6
1m-1.1m 3 8 2 0.4 2.3
1.1m-1.2m 4 6 0.3 4
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 3 0.5 0
1.4m-1.5m 3 2 1 0.1 9
1.5m-1.6m 5 1 0 30
1.7m-1.8m 1 0
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0.2 0
3m-3.5m 1 0.2 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
76k-100k 2 0
101k-125k 1 1 0.2 6
126k-150k 2 6 0.5 2
151k-175k 5 16 4 0.5 1.9
176k-200k 12 18 1 0.3 4
201k-225k 9 15 1 0.3 3.6
226k-250k 8 8 0.2 6
251k-275k 3 11 1 0.6 1.6
276k-300k 1 1 0.2 6
301k-325k 2 0.3 0
326k-350k 2 0.3 0
376k-400k 1 0.2 0
401k-425k 1 1 0.2 0
476k-500k 1 0
501k-550k 1 0.2 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
26k-50k 1 1 0.2 0
51k-75k 1 1 0.2 6
76k-100k 20 16 2 0.1 7.5
101k-125k 11 26 1 0.4 2.5
126k-150k 15 33 3 0.4 2.7
151k-175k 28 37 3 0.2 4.5
176k-200k 33 41 4 0.2 4.8
201k-225k 21 25 3 0.2 5
226k-250k 16 17 3 0.2 5.6
251k-275k 12 15 1 0.2 4.8
276k-300k 2 6 1 0.5 2
301k-325k 1 2 0.3 3
326k-350k 4 4 0.2 6
351k-375k 4 6 0.3 4
376k-400k 1 3 0.5 2
401k-425k 2 1 0.1 12
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
701k-750k 4 1 0 24

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 3 10 0.6 1.8
26k-50k 2 7 0.6 1.7
51k-75k 3 4 0.2 4.5
76k-100k 7 4 0.1 10.5
101k-125k 3 3 0.2 6
126k-150k 4 2 0.1 12
151k-175k 5 4 1 0.1 7.5
176k-200k 6 1 1 0 36
201k-225k 1 0
226k-250k 5 2 1 0.1 15
251k-275k 6 2 0.1 18
276k-300k 6 2 1 0.1 18
301k-325k 3 1 0.1 18
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
451k-475k 2 0
476k-500k 1 0
501k-550k 2 0
551k-600k 1 0
601k-650k 3 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 1 0.2 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 2 0.3 3
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 2 0.3 3
2.75m-3m 3 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 1 0
6.01m-7m 2 0