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 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
51k-75k 6 1 1 0
76k-100k 7 1 1.2 0
101k-125k 1 10 1 1.7 0.6
126k-150k 4 17 4 0.7 1.4
151k-175k 9 11 2 0.2 4.9
176k-200k 9 38 7 0.7 1.4
201k-225k 14 37 4 0.4 2.3
226k-250k 31 58 8 0.3 3.2
251k-275k 16 43 10 0.4 2.2
276k-300k 25 51 6 0.3 2.9
301k-325k 9 27 6 0.5 2
326k-350k 14 27 3 0.3 3.1
351k-375k 10 19 2 0.3 3.2
376k-400k 12 16 3 0.2 4.5
401k-425k 7 21 1 0.5 2
426k-450k 14 10 1 0.1 8.4
451k-475k 5 11 3 0.4 2.7
476k-500k 12 17 6 0.2 4.2
501k-550k 14 19 2 0.2 4.4
551k-600k 6 12 3 0.3 3
601k-650k 9 3 1 0.1 18
651k-700k 2 3 1 0.3 4
701k-750k 3 2 0.1 9
751k-800k 3 0
801k-850k 3 1 0.1 18
851k-900k 1 2 1 0.3 3
901k-950k 1 0
951k-1m 1 3 0.5 2
1m-1.1m 1 0
1.1m-1.2m 3 1 0.1 18
1.4m-1.5m 1 0.2 0

Townhouses 22% 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
151k-175k 1 0
201k-225k 1 5 2 0.8 1.2
226k-250k 1 5 0.8 1.2
251k-275k 2 3 0.3 4
276k-300k 1 1 0.2 6

Condos 25% 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
101k-125k 1 2 0.3 3
126k-150k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 2 0
301k-325k 1 0
326k-350k 1 0.2 0
801k-850k 1 0

Land 20% 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 11 12 6 0.2 5.5
26k-50k 23 15 4 0.1 9.2
51k-75k 16 10 2 0.1 9.6
76k-100k 6 7 0.2 5.1
101k-125k 3 5 2 0.3 3.6
126k-150k 1 4 0.7 1.5
151k-175k 5 2 0.1 15
176k-200k 2 2 0.2 6
201k-225k 2 0.3 0
251k-275k 2 0
276k-300k 1 0
326k-350k 2 0
351k-375k 1 0
376k-400k 2 1 0.1 12
401k-425k 1 0
426k-450k 1 1 0.2 0
501k-550k 2 0
651k-700k 2 0
751k-800k 2 0
801k-850k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0