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 34% 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 3 0.5 0
76k-100k 7 1.2 0
101k-125k 2 10 0.8 1.2
126k-150k 1 19 3 3.2 0.3
151k-175k 1 21 4 3.5 0.3
176k-200k 5 27 3 0.9 1.1
201k-225k 6 35 6 1 1
226k-250k 18 48 4 0.4 2.3
251k-275k 13 63 5 0.8 1.2
276k-300k 32 91 15 0.5 2.1
301k-325k 27 69 9 0.4 2.3
326k-350k 29 71 12 0.4 2.5
351k-375k 25 64 9 0.4 2.3
376k-400k 18 86 6 0.8 1.3
401k-425k 21 66 3 0.5 1.9
426k-450k 38 50 7 0.2 4.6
451k-475k 19 52 7 0.5 2.2
476k-500k 12 56 6 0.8 1.3
501k-550k 40 86 13 0.4 2.8
551k-600k 27 61 8 0.4 2.7
601k-650k 30 53 2 0.3 3.4
651k-700k 16 24 2 0.3 4
701k-750k 16 26 4 0.3 3.7
751k-800k 11 14 4 0.2 4.7
801k-850k 8 10 0.2 4.8
851k-900k 11 10 1 0.2 6.6
901k-950k 4 5 0.2 4.8
951k-1m 4 3 0.1 8
1m-1.1m 3 5 2 0.3 3.6
1.1m-1.2m 2 1 1 0.1 12
1.2m-1.3m 1 0
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 1 1 0.2 6
2m-2.25m 1 0.2 0
2.25m-2.5m 2 1 0.1 12
2.75m-3m 1 0.2 0
4m-4.5m 1 0

Townhouses 31% 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
226k-250k 3 0.5 0
251k-275k 7 7 2 0.2 6
276k-300k 4 10 2 0.4 2.4
301k-325k 12 49 4 0.7 1.5
326k-350k 8 19 2 0.4 2.5
351k-375k 13 26 2 0.3 3
376k-400k 2 14 1 1.2 0.9
401k-425k 15 6 2 0.1 15
426k-450k 8 14 1 0.3 3.4
451k-475k 5 8 0.3 3.8
476k-500k 4 3 0.1 8
501k-550k 1 0.2 0
551k-600k 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
101k-125k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 1 0
176k-200k 1 1 0.2 6
201k-225k 1 3 0.5 2
226k-250k 3 3 0.2 6
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 1 0.2 0
501k-550k 1 0
551k-600k 1 0

Land 27% 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 3 1 0.2 6
26k-50k 2 10 3 0.8 1.2
51k-75k 7 15 1 0.4 2.8
76k-100k 6 19 4 0.5 1.9
101k-125k 4 6 0.3 4
126k-150k 5 4 1 0.1 7.5
151k-175k 2 1 0.1 12
176k-200k 9 6 1 0.1 9
201k-225k 2 3 0.3 4
226k-250k 3 3 1 0.2 6
251k-275k 4 1 0 24
276k-300k 2 4 1 0.3 3
301k-325k 1 2 2 0.3 3
326k-350k 2 1 1 0.1 12
351k-375k 1 0
376k-400k 2 2 1 0.2 6
401k-425k 1 0
426k-450k 3 1 0.1 18
451k-475k 2 0
476k-500k 5 1 1 0 30
501k-550k 2 3 1 0.3 4
551k-600k 1 0
601k-650k 1 0.2 0
651k-700k 1 1 0.2 6
701k-750k 1 1 0.2 6
751k-800k 1 1 0.2 6
801k-850k 1 1 0.2 0
901k-950k 1 0
951k-1m 1 0.2 0
1m-1.1m 1 1 0.2 0
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0
9.01m-10m 1 0
24.01m-25m 1 0