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 Last 6 Months 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 9 1 1.5 0
101k-125k 11 3 1.8 0
126k-150k 6 14 1 0.4 2.6
151k-175k 7 12 3 0.3 3.5
176k-200k 11 30 2 0.5 2.2
201k-225k 9 44 9 0.8 1.2
226k-250k 27 56 12 0.3 2.9
251k-275k 26 38 6 0.2 4.1
276k-300k 23 44 5 0.3 3.1
301k-325k 12 26 1 0.4 2.8
326k-350k 14 22 0.3 3.8
351k-375k 16 17 6 0.2 5.6
376k-400k 14 15 2 0.2 5.6
401k-425k 6 17 2 0.5 2.1
426k-450k 17 10 1 0.1 10.2
451k-475k 4 10 1 0.4 2.4
476k-500k 12 16 2 0.2 4.5
501k-550k 11 20 4 0.3 3.3
551k-600k 3 13 1 0.7 1.4
601k-650k 6 6 3 0.2 6
651k-700k 3 2 0.1 9
701k-750k 5 1 0 30
751k-800k 2 0
801k-850k 3 1 0.1 18
851k-900k 1 1 0.2 6
901k-950k 1 0
951k-1m 4 1 0.7 0
1m-1.1m 1 0
1.1m-1.2m 3 1 0.1 18
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0

Townhouses 22% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 1 0.2 0
201k-225k 1 3 0.5 2
226k-250k 2 1 0.1 12
251k-275k 1 3 0.5 2
276k-300k 2 1 0.1 12

Condos 33% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 3 1 0.5 0
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 2 0
301k-325k 1 0.2 0
801k-850k 1 0

Land 21% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 2 0.2 5.5
26k-50k 20 19 7 0.2 6.3
51k-75k 17 12 4 0.1 8.5
76k-100k 6 7 1 0.2 5.1
101k-125k 3 6 0.3 3
126k-150k 2 6 1 0.5 2
151k-175k 3 2 1 0.1 9
176k-200k 2 1 0.1 12
201k-225k 1 1 0.2 6
251k-275k 1 0
276k-300k 1 0
326k-350k 3 0
351k-375k 1 0
376k-400k 3 0
401k-425k 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