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 Since 12/31 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 0.2 0
276k-300k 3 4 0.2 4.5
301k-325k 4 7 0.3 3.4
326k-350k 6 25 3 0.7 1.4
351k-375k 12 28 3 0.4 2.6
376k-400k 30 29 5 0.2 6.2
401k-425k 35 32 6 0.2 6.6
426k-450k 29 33 7 0.2 5.3
451k-475k 19 32 6 0.3 3.6
476k-500k 20 42 7 0.4 2.9
501k-550k 39 72 13 0.3 3.3
551k-600k 27 52 8 0.3 3.1
601k-650k 30 38 4 0.2 4.7
651k-700k 28 45 8 0.3 3.7
701k-750k 16 31 6 0.3 3.1
751k-800k 12 19 4 0.3 3.8
801k-850k 6 14 1 0.4 2.6
851k-900k 7 10 1 0.2 4.2
901k-950k 4 8 0.3 3
951k-1m 4 11 1 0.5 2.2
1m-1.1m 16 12 2 0.1 8
1.1m-1.2m 9 14 4 0.3 3.9
1.2m-1.3m 7 9 1 0.2 4.7
1.3m-1.4m 13 9 1 0.1 8.7
1.4m-1.5m 7 8 0.2 5.3
1.5m-1.6m 6 7 1 0.2 5.1
1.6m-1.7m 5 10 3 0.3 3
1.7m-1.8m 5 4 0.1 7.5
1.8m-1.9m 5 5 1 0.2 6
1.9m-2m 4 4 1 0.2 6
2m-2.25m 4 3 0.1 8
2.25m-2.5m 16 6 1 0.1 16
2.5m-2.75m 3 4 0.2 4.5
2.75m-3m 7 5 0.1 8.4
3m-3.5m 4 4 0.2 6
3.5m-4m 6 4 0.1 9
4m-4.5m 4 6 0.3 4
4.5m-5m 6 2 0.1 18
5.01m-6m 5 6 0.2 5
7.01m-8m 1 1 1 0.2 6
8.01m-9m 1 0
10.01m-11m 1 0.2 0

Townhouses 19% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 3 0.5 2
276k-300k 7 4 0.1 10.5
301k-325k 5 5 0.2 6
326k-350k 9 7 0.1 7.7
351k-375k 2 3 0.3 4
376k-400k 4 3 1 0.1 8
401k-425k 2 6 1 0.5 2
426k-450k 3 6 0.3 3
451k-475k 2 3 0.3 4
476k-500k 2 5 1 0.4 2.4
501k-550k 1 2 0.3 3
551k-600k 2 0.3 0
601k-650k 2 0
651k-700k 4 1 0 24
2m-2.25m 1 0.2 0

Condos 25% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
151k-175k 1 0.2 0
176k-200k 1 7 1 1.2 0.9
201k-225k 3 13 1 0.7 1.4
226k-250k 1 11 1 1.8 0.5
251k-275k 8 6 2 0.1 8
276k-300k 4 5 0.2 4.8
301k-325k 3 0.5 0
326k-350k 4 3 1 0.1 8
351k-375k 1 1 0.2 6
426k-450k 1 1 0.2 6
551k-600k 1 0.2 0
651k-700k 1 0

Land 15% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0
51k-75k 1 1 0.2 6
76k-100k 2 0
101k-125k 1 0.2 0
126k-150k 1 2 0.3 3
151k-175k 3 1 0.1 18
176k-200k 9 0
201k-225k 6 3 0.1 12
226k-250k 6 5 0.1 7.2
251k-275k 1 2 0.3 3
276k-300k 3 1 1 0.1 18
301k-325k 2 1 0.1 12
326k-350k 4 3 0.1 8
351k-375k 2 1 0.1 12
376k-400k 3 2 0.1 9
426k-450k 8 5 2 0.1 9.6
451k-475k 3 0
476k-500k 4 1 1 0 24
501k-550k 1 4 1 0.7 1.5
551k-600k 2 3 0.3 4
601k-650k 7 1 0 42
651k-700k 4 1 0 24
701k-750k 1 0
801k-850k 2 1 0.3 0
851k-900k 1 2 1 0.3 3
901k-950k 1 3 0.5 2
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 2 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 2 1 0.3 0
1.6m-1.7m 1 1 0.2 0
1.7m-1.8m 1 1 0.2 6
2m-2.25m 1 0
2.25m-2.5m 2 0
3m-3.5m 1 1 0.2 6
4m-4.5m 1 0.2 0
13.01m-14m 1 0