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 36% 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 0.3 0
76k-100k 1 0.2 0
126k-150k 4 1 0.7 0
151k-175k 1 3 0.5 2
176k-200k 2 3 0.3 4
201k-225k 2 11 1 0.9 1.1
226k-250k 1 16 2 2.7 0.4
251k-275k 4 15 1 0.6 1.6
276k-300k 7 28 4 0.7 1.5
301k-325k 4 32 3 1.3 0.8
326k-350k 13 33 7 0.4 2.4
351k-375k 16 53 10 0.6 1.8
376k-400k 24 63 8 0.4 2.3
401k-425k 28 51 8 0.3 3.3
426k-450k 19 48 3 0.4 2.4
451k-475k 16 19 3 0.2 5.1
476k-500k 23 27 5 0.2 5.1
501k-550k 17 38 7 0.4 2.7
551k-600k 16 19 4 0.2 5.1
601k-650k 10 10 1 0.2 6
651k-700k 4 12 1 0.5 2
701k-750k 6 9 1 0.3 4
751k-800k 5 5 0.2 6
801k-850k 1 2 0.3 3
851k-900k 3 3 0.2 6
901k-950k 3 0.5 0
951k-1m 1 1 1 0.2 6
1m-1.1m 1 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 1 0.2 6

Townhouses 32% 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 0.2 0
226k-250k 1 0
251k-275k 1 4 0.7 1.5
276k-300k 4 2 0.1 12
301k-325k 10 13 1 0.2 4.6
326k-350k 4 12 3 0.5 2
351k-375k 3 7 1 0.4 2.6
376k-400k 2 5 3 0.4 2.4

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
151k-175k 1 0.2 0
201k-225k 1 1 0.2 6

Land 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
26k-50k 2 0.3 0
51k-75k 8 2 1.3 0
76k-100k 3 1 1 0.1 18
101k-125k 2 5 1 0.4 2.4
126k-150k 5 4 0.1 7.5
151k-175k 1 0
176k-200k 2 3 2 0.3 4
201k-225k 2 1 0.1 12
251k-275k 3 2 0.1 9
276k-300k 1 3 1 0.5 2
301k-325k 1 1 0.2 0
326k-350k 1 1 1 0.2 6
351k-375k 1 0
376k-400k 3 1 0.5 0
401k-425k 1 0.2 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 0.2 0
751k-800k 2 1 1 0.1 12
801k-850k 1 0.2 0
901k-950k 2 0
951k-1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.9m-2m 1 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 1 0.2 0