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 46% 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
176k-200k 1 1 0.2 6
226k-250k 1 6 2 1 1
251k-275k 2 2 0.2 6
276k-300k 3 5 0.3 3.6
301k-325k 2 9 4 0.8 1.3
326k-350k 11 22 3 0.3 3
351k-375k 19 19 6 0.2 6
376k-400k 23 33 7 0.2 4.2
401k-425k 33 35 5 0.2 5.7
426k-450k 16 29 2 0.3 3.3
451k-475k 6 20 2 0.6 1.8
476k-500k 14 14 3 0.2 6
501k-550k 10 38 10 0.6 1.6
551k-600k 9 26 5 0.5 2.1
601k-650k 7 27 2 0.6 1.6
651k-700k 10 13 0.2 4.6
701k-750k 6 9 1 0.3 4
751k-800k 6 10 0.3 3.6
801k-850k 2 4 2 0.3 3
851k-900k 4 2 1 0.1 12
901k-950k 3 1 0.1 18
951k-1m 4 2 0.1 12
1m-1.1m 1 0.2 0
1.1m-1.2m 2 1 0.3 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.75m-3m 1 0

Townhouses 46% 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
301k-325k 1 0
326k-350k 2 2 0.2 6
351k-375k 3 0
476k-500k 3 5 0.3 3.6
501k-550k 3 0.5 0
551k-600k 6 6 2 0.2 6

Condos 11% 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
351k-375k 2 1 0.1 12
376k-400k 2 1 0.1 12
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0

Land 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
26k-50k 1 2 0.3 3
51k-75k 5 5 2 0.2 6
76k-100k 13 4 2 0.1 19.5
101k-125k 4 5 2 0.2 4.8
126k-150k 7 2 0 21
151k-175k 6 3 2 0.1 12
176k-200k 5 3 0.1 10
201k-225k 4 0
226k-250k 5 2 0.1 15
251k-275k 1 0
276k-300k 4 1 0 24
301k-325k 1 1 0.2 0
326k-350k 2 0
376k-400k 1 0
401k-425k 1 0
426k-450k 1 0
451k-475k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
851k-900k 1 0.2 0
951k-1m 3 1 0.1 18
1.3m-1.4m 1 0
1.5m-1.6m 1 0