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 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
1k-25k 1 0.2 0
51k-75k 3 0.5 0
76k-100k 7 1.2 0
101k-125k 2 11 0.9 1.1
126k-150k 1 18 3 3 0.3
151k-175k 2 20 3 1.7 0.6
176k-200k 3 28 5 1.6 0.6
201k-225k 5 35 7 1.2 0.9
226k-250k 20 47 4 0.4 2.6
251k-275k 15 65 7 0.7 1.4
276k-300k 30 90 13 0.5 2
301k-325k 28 72 9 0.4 2.3
326k-350k 25 75 18 0.5 2
351k-375k 26 64 10 0.4 2.4
376k-400k 23 84 7 0.6 1.6
401k-425k 21 65 1 0.5 1.9
426k-450k 44 52 7 0.2 5.1
451k-475k 17 50 7 0.5 2
476k-500k 13 53 6 0.7 1.5
501k-550k 42 85 13 0.3 3
551k-600k 26 60 7 0.4 2.6
601k-650k 30 52 3 0.3 3.5
651k-700k 17 24 2 0.2 4.3
701k-750k 16 26 4 0.3 3.7
751k-800k 11 14 3 0.2 4.7
801k-850k 8 11 1 0.2 4.4
851k-900k 12 10 0.1 7.2
901k-950k 3 5 0.3 3.6
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 1 2 1 0.3 3
2.75m-3m 1 0.2 0
4m-4.5m 1 0

Townhouses 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
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 16 50 5 0.5 1.9
326k-350k 8 19 2 0.4 2.5
351k-375k 15 25 2 0.3 3.6
376k-400k 2 14 1 1.2 0.9
401k-425k 15 6 2 0.1 15
426k-450k 8 15 1 0.3 3.2
451k-475k 5 6 0.2 5
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
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 2 4 2 0.3 3
26k-50k 3 9 1 0.5 2
51k-75k 7 16 2 0.4 2.6
76k-100k 7 18 1 0.4 2.3
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 8 8 2 0.2 6
201k-225k 2 2 0.2 6
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 2 1 0.2 6
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 0.2 0
1.1m-1.2m 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