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 18% 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
26k-50k 2 0.3 0
51k-75k 3 3 1 0.2 6
76k-100k 5 5 1 0.2 6
101k-125k 2 8 1 0.7 1.5
126k-150k 7 6 0.1 7
151k-175k 12 21 3 0.3 3.4
176k-200k 15 21 5 0.2 4.3
201k-225k 14 30 7 0.4 2.8
226k-250k 26 19 4 0.1 8.2
251k-275k 16 29 6 0.3 3.3
276k-300k 42 28 2 0.1 9
301k-325k 16 15 0.2 6.4
326k-350k 19 16 4 0.1 7.1
351k-375k 16 6 1 0.1 16
376k-400k 5 5 1 0.2 6
401k-425k 2 5 1 0.4 2.4
426k-450k 5 7 0.2 4.3
451k-475k 4 4 0.2 6
476k-500k 2 3 1 0.3 4
501k-550k 3 4 1 0.2 4.5
551k-600k 2 4 0.3 3
601k-650k 2 3 0.3 4
651k-700k 2 2 1 0.2 6
701k-750k 1 3 0.5 2
751k-800k 4 1 0 24
851k-900k 4 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0

Townhouses 0% 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
176k-200k 2 0
251k-275k 1 1 0.2 6
301k-325k 2 0.3 0
326k-350k 1 0.2 0
351k-375k 5 0
376k-400k 2 1 0.1 12

Condos 0% 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
176k-200k 1 0

Land 35% 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 4 16 5 0.7 1.5
26k-50k 10 20 2 0.3 3
51k-75k 1 6 1 1 1
76k-100k 2 4 0.3 3
101k-125k 1 1 0.2 6
126k-150k 1 0
151k-175k 2 1 1 0.1 12
176k-200k 2 1 0.1 12
201k-225k 1 1 0.2 0
226k-250k 3 3 0.2 6
251k-275k 1 0
276k-300k 1 0.2 0
301k-325k 1 0
426k-450k 1 0
451k-475k 1 0
476k-500k 2 0
501k-550k 2 1 0.1 12
551k-600k 1 0.2 0
701k-750k 1 0
951k-1m 2 0
1.1m-1.2m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
4m-4.5m 1 0