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 29% 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 5 0.8 0
76k-100k 1 12 1 2 0.5
101k-125k 1 6 2 1 1
126k-150k 3 10 3 0.6 1.8
151k-175k 10 16 2 0.3 3.8
176k-200k 9 19 3 0.4 2.8
201k-225k 6 29 6 0.8 1.2
226k-250k 26 44 11 0.3 3.5
251k-275k 22 53 11 0.4 2.5
276k-300k 28 77 7 0.5 2.2
301k-325k 30 58 7 0.3 3.1
326k-350k 38 75 11 0.3 3
351k-375k 13 30 0.4 2.6
376k-400k 18 29 5 0.3 3.7
401k-425k 12 26 1 0.4 2.8
426k-450k 10 16 2 0.3 3.8
451k-475k 7 10 0.2 4.2
476k-500k 10 13 3 0.2 4.6
501k-550k 10 16 2 0.3 3.8
551k-600k 7 11 3 0.3 3.8
601k-650k 3 4 1 0.2 4.5
651k-700k 4 4 0.2 6
701k-750k 3 4 1 0.2 4.5
751k-800k 2 3 2 0.3 4
801k-850k 2 3 1 0.3 4
851k-900k 3 1 0.1 18
901k-950k 3 1 0.1 18
951k-1m 3 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 0.2 6
2m-2.25m 1 0.2 0
3m-3.5m 1 0

Townhouses 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
176k-200k 3 1 0.5 0
201k-225k 1 0.2 0
226k-250k 1 0
276k-300k 1 4 0.7 1.5
301k-325k 1 1 0.2 0
376k-400k 1 0.2 0
401k-425k 1 0.2 0

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
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 2 0.3 3
201k-225k 1 1 0.2 6
226k-250k 1 0.2 0
326k-350k 1 0.2 0
401k-425k 1 0.2 0

Land 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
1k-25k 3 11 1 0.6 1.6
26k-50k 26 33 5 0.2 4.7
51k-75k 12 10 2 0.1 7.2
76k-100k 19 8 1 0.1 14.3
101k-125k 8 7 0.1 6.9
126k-150k 8 3 1 0.1 16
151k-175k 12 2 1 0 36
176k-200k 9 0
201k-225k 3 0
226k-250k 1 1 0.2 6
251k-275k 2 1 0.1 12
276k-300k 1 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 1 0
426k-450k 1 0
476k-500k 2 0
501k-550k 1 1 0.2 0
551k-600k 1 0
601k-650k 1 0.2 0
751k-800k 1 0.2 0
851k-900k 2 0
951k-1m 3 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
4.5m-5m 1 0