Absorption Report

Anthem, Exclamation, Sonnet

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 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
51k-75k 1 0
201k-225k 1 1 1 0.2 6
226k-250k 1 1 0.2 0
276k-300k 1 4 1 0.7 1.5
301k-325k 1 7 1.2 0.9
326k-350k 2 10 2 0.8 1.2
351k-375k 1 29 7 4.8 0.2
376k-400k 10 30 5 0.5 2
401k-425k 10 54 13 0.9 1.1
426k-450k 23 93 15 0.7 1.5
451k-475k 24 94 21 0.7 1.5
476k-500k 26 90 12 0.6 1.7
501k-550k 57 140 21 0.4 2.4
551k-600k 39 125 20 0.5 1.9
601k-650k 38 88 9 0.4 2.6
651k-700k 27 73 12 0.5 2.2
701k-750k 27 55 10 0.3 2.9
751k-800k 42 60 8 0.2 4.2
801k-850k 16 44 8 0.5 2.2
851k-900k 12 31 4 0.4 2.3
901k-950k 12 22 1 0.3 3.3
951k-1m 17 19 2 0.2 5.4
1m-1.1m 14 23 4 0.3 3.7
1.1m-1.2m 10 21 3 0.4 2.9
1.2m-1.3m 5 15 3 0.5 2
1.3m-1.4m 7 5 1 0.1 8.4
1.4m-1.5m 5 3 1 0.1 10
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 3 3 0.2 6
1.7m-1.8m 4 2 0.1 12
1.8m-1.9m 1 3 1 0.5 2
1.9m-2m 1 3 0.5 2
2m-2.25m 1 1 0.2 6
2.25m-2.5m 3 2 1 0.1 9
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 2 0.2 6
3m-3.5m 1 0.2 0
3.5m-4m 2 1 0.1 12
4m-4.5m 1 0.2 0
6.01m-7m 1 0

Townhouses 22% 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 0.2 0
226k-250k 1 3 1 0.5 2
251k-275k 1 7 1 1.2 0.9
276k-300k 3 5 1 0.3 3.6
301k-325k 7 5 0.1 8.4
326k-350k 8 18 3 0.4 2.7
351k-375k 7 16 1 0.4 2.6
376k-400k 3 18 2 1 1
401k-425k 1 6 1 1 1
426k-450k 5 8 0.3 3.8
451k-475k 6 10 5 0.3 3.6
476k-500k 2 11 2 0.9 1.1
501k-550k 5 13 2 0.4 2.3
551k-600k 4 6 2 0.3 4
601k-650k 2 0
651k-700k 1 0.2 0
751k-800k 1 0

Condos 24% 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 0
201k-225k 4 0.7 0
226k-250k 1 4 1 0.7 1.5
251k-275k 5 0.8 0
276k-300k 2 10 3 0.8 1.2
301k-325k 5 3 2 0.1 10
326k-350k 4 4 0.2 6
351k-375k 2 5 2 0.4 2.4
376k-400k 4 3 1 0.1 8
401k-425k 1 2 0.3 3
426k-450k 2 0
476k-500k 1 3 2 0.5 2
501k-550k 3 7 3 0.4 2.6
551k-600k 1 4 1 0.7 1.5

Land 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
176k-200k 1 0.2 0
226k-250k 1 0.2 0
426k-450k 1 0
451k-475k 1 0.2 0
501k-550k 2 0.3 0
551k-600k 3 0
651k-700k 5 0.8 0
701k-750k 2 2 0.2 6
801k-850k 1 0
851k-900k 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 2 0
1.6m-1.7m 1 0
3.5m-4m 1 0