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 2 0.3 3.5
176k-200k 11 27 2 0.4 2.4
201k-225k 8 43 9 0.9 1.1
226k-250k 28 57 11 0.3 2.9
251k-275k 26 38 6 0.2 4.1
276k-300k 20 45 6 0.4 2.7
301k-325k 12 26 1 0.4 2.8
326k-350k 14 23 1 0.3 3.7
351k-375k 17 16 6 0.2 6.4
376k-400k 14 14 2 0.2 6
401k-425k 6 17 2 0.5 2.1
426k-450k 16 11 1 0.1 8.7
451k-475k 4 11 1 0.5 2.2
476k-500k 12 15 2 0.2 4.8
501k-550k 11 19 3 0.3 3.5
551k-600k 3 12 1 0.7 1.5
601k-650k 6 6 1 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 25% 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 1 1 0.2 6

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 20% 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 6 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