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 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
51k-75k 1 0
76k-100k 3 1 0.5 0
101k-125k 2 1 0.3 0
126k-150k 3 1 0.5 0
151k-175k 2 3 0.3 4
176k-200k 1 5 2 0.8 1.2
201k-225k 3 11 4 0.6 1.6
226k-250k 2 9 0.8 1.3
251k-275k 12 1 2 0
276k-300k 7 22 1 0.5 1.9
301k-325k 12 30 5 0.4 2.4
326k-350k 8 15 1 0.3 3.2
351k-375k 9 32 3 0.6 1.7
376k-400k 16 26 9 0.3 3.7
401k-425k 15 26 6 0.3 3.5
426k-450k 15 26 3 0.3 3.5
451k-475k 11 19 4 0.3 3.5
476k-500k 17 31 4 0.3 3.3
501k-550k 13 45 6 0.6 1.7
551k-600k 17 23 3 0.2 4.4
601k-650k 12 16 3 0.2 4.5
651k-700k 11 18 0.3 3.7
701k-750k 7 16 3 0.4 2.6
751k-800k 10 11 0.2 5.5
801k-850k 7 9 2 0.2 4.7
851k-900k 11 7 0.1 9.4
901k-950k 3 7 0.4 2.6
951k-1m 4 5 1 0.2 4.8
1m-1.1m 7 7 1 0.2 6
1.1m-1.2m 3 3 1 0.2 6
1.2m-1.3m 5 3 0.1 10
1.3m-1.4m 5 5 0.2 6
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 1 0
1.8m-1.9m 1 2 0.3 3
1.9m-2m 1 0.2 0
2m-2.25m 2 1 0.1 12
3m-3.5m 1 0
3.5m-4m 3 0
4.5m-5m 1 0
8.01m-9m 1 0

Townhouses 37% 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
301k-325k 2 0.3 0
326k-350k 2 11 2 0.9 1.1
351k-375k 10 10 1 0.2 6
376k-400k 5 5 3 0.2 6
401k-425k 3 0.5 0
426k-450k 1 5 2 0.8 1.2
451k-475k 1 1 0.2 6
476k-500k 3 2 0.5 0
501k-550k 4 1 0.7 0
551k-600k 1 3 0.5 2
601k-650k 1 0.2 0
651k-700k 2 0
901k-950k 1 0.2 0
951k-1m 2 0

Condos 24% 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
176k-200k 4 2 0.7 0
201k-225k 3 4 1 0.2 4.5
226k-250k 4 4 0.2 6
251k-275k 1 3 0.5 2
276k-300k 1 7 1.2 0.9
301k-325k 2 2 1 0.2 6
326k-350k 1 5 0.8 1.2
351k-375k 2 2 1 0.2 6
376k-400k 3 6 1 0.3 3
401k-425k 5 3 1 0.1 10
426k-450k 1 4 0.7 1.5
451k-475k 1 1 0.2 6
476k-500k 1 0
501k-550k 1 2 0.3 3
551k-600k 1 1 1 0.2 6
1.5m-1.6m 1 0
2.5m-2.75m 1 0

Land 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
1k-25k 9 5 0.1 10.8
26k-50k 67 13 1 0 30.9
51k-75k 35 11 3 0.1 19.1
76k-100k 28 7 0 24
101k-125k 18 5 0 21.6
126k-150k 16 6 0.1 16
151k-175k 4 1 0 24
176k-200k 16 2 1 0 48
201k-225k 7 1 0 42
226k-250k 15 5 0.1 18
251k-275k 4 1 0 24
276k-300k 9 2 0 27
301k-325k 2 2 0.2 6
326k-350k 1 2 0.3 3
351k-375k 1 0.2 0
376k-400k 3 0
401k-425k 1 0.2 0
426k-450k 5 0
451k-475k 1 0
476k-500k 1 0
501k-550k 2 0
551k-600k 5 2 0.1 15
601k-650k 2 0
651k-700k 1 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0.2 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0.2 0
1.3m-1.4m 1 0
2m-2.25m 1 0
2.75m-3m 1 0