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
26k-50k 1 1 0.2 0
51k-75k 1 0.2 0
76k-100k 1 4 1 0.7 1.5
101k-125k 1 1 0.2 6
126k-150k 3 7 2 0.4 2.6
151k-175k 4 3 0.1 8
176k-200k 3 5 1 0.3 3.6
201k-225k 4 6 1 0.3 4
226k-250k 2 4 1 0.3 3
251k-275k 3 10 2 0.6 1.8
276k-300k 1 7 1 1.2 0.9
301k-325k 6 15 2 0.4 2.4
326k-350k 4 10 3 0.4 2.4
351k-375k 10 10 0.2 6
376k-400k 12 19 5 0.3 3.8
401k-425k 9 15 2 0.3 3.6
426k-450k 8 12 2 0.3 4
451k-475k 10 18 2 0.3 3.3
476k-500k 9 10 1 0.2 5.4
501k-550k 5 13 2 0.4 2.3
551k-600k 5 2 0.1 15
601k-650k 7 10 1 0.2 4.2
651k-700k 16 4 1 0 24
701k-750k 2 4 0.3 3
751k-800k 4 4 1 0.2 6
801k-850k 5 7 0.2 4.3
851k-900k 5 8 1 0.3 3.8
901k-950k 1 4 1 0.7 1.5
951k-1m 2 4 1 0.3 3
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 2 3 0.3 4
1.3m-1.4m 1 0
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 2 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0
4.5m-5m 1 0

Townhouses 13% 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
251k-275k 1 0
301k-325k 5 4 1 0.1 7.5
376k-400k 2 0
451k-475k 1 0.2 0
476k-500k 1 0.2 0
501k-550k 2 0
601k-650k 1 0.2 0
751k-800k 1 1 0.2 6
951k-1m 1 0
1.1m-1.2m 1 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
276k-300k 1 0
301k-325k 1 1 0.2 6
326k-350k 1 0
351k-375k 2 0.3 0
501k-550k 1 0
2m-2.25m 1 0

Land 7% 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 15 8 1 0.1 11.3
26k-50k 69 17 4 0 24.4
51k-75k 46 12 2 0 23
76k-100k 18 5 1 0 21.6
101k-125k 11 1 0 66
126k-150k 15 1 0 90
151k-175k 4 3 0.1 8
176k-200k 12 2 0 36
201k-225k 2 2 0.2 6
226k-250k 10 2 1 0 30
251k-275k 2 1 1 0.1 12
276k-300k 3 2 1 0.1 9
301k-325k 6 2 1 0.1 18
326k-350k 4 2 1 0.1 12
351k-375k 1 0
376k-400k 5 0
426k-450k 1 0
476k-500k 3 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 1 0.2 0
901k-950k 1 0
1m-1.1m 1 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0.2 0
3m-3.5m 2 0