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 18% 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
151k-175k 1 0.2 0
201k-225k 1 1 0.2 6
226k-250k 1 1 0.2 6
251k-275k 4 2 0.7 0
276k-300k 3 6 1 0.3 3
301k-325k 11 27 4 0.4 2.4
326k-350k 58 139 19 0.4 2.5
351k-375k 68 173 26 0.4 2.4
376k-400k 91 224 29 0.4 2.4
401k-425k 85 134 29 0.3 3.8
426k-450k 76 95 12 0.2 4.8
451k-475k 49 51 8 0.2 5.8
476k-500k 36 50 2 0.2 4.3
501k-550k 47 75 11 0.3 3.8
551k-600k 55 51 12 0.2 6.5
601k-650k 35 24 5 0.1 8.8
651k-700k 21 33 7 0.3 3.8
701k-750k 12 16 4 0.2 4.5
751k-800k 16 19 3 0.2 5.1
801k-850k 6 7 0.2 5.1
851k-900k 9 9 2 0.2 6
901k-950k 4 4 2 0.2 6
951k-1m 4 8 1 0.3 3
1m-1.1m 3 4 1 0.2 4.5
1.1m-1.2m 3 4 0.2 4.5
1.2m-1.3m 10 2 0 30
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 3 0
1.7m-1.8m 2 1 0.3 0
1.8m-1.9m 2 1 0.3 0
2m-2.25m 3 0
2.25m-2.5m 3 0
3.5m-4m 1 0
4m-4.5m 2 1 1 0.1 12
7.01m-8m 1 0

Townhouses 32% 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
326k-350k 1 0.2 0
351k-375k 3 1 0.1 18
376k-400k 7 9 1 0.2 4.7
401k-425k 14 9 1 0.1 9.3
426k-450k 2 1 1 0.1 12
476k-500k 2 0
501k-550k 2 2 1 0.2 6
551k-600k 2 0
601k-650k 2 1 0.1 12

Land 7% 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 1 0.3 0
26k-50k 6 9 0.3 4
51k-75k 10 4 1 0.1 15
76k-100k 29 12 0.1 14.5
101k-125k 17 6 1 0.1 17
126k-150k 9 11 1 0.2 4.9
151k-175k 10 2 1 0 30
176k-200k 11 2 0 33
201k-225k 6 4 1 0.1 9
226k-250k 5 2 0.1 15
251k-275k 3 2 0.1 9
276k-300k 5 2 0.1 15
301k-325k 7 3 0.1 14
326k-350k 4 3 0.1 8
351k-375k 3 0
376k-400k 6 2 1 0.1 18
401k-425k 1 0
426k-450k 1 2 0.3 3
451k-475k 3 1 0.1 18
476k-500k 4 0
551k-600k 2 1 1 0.1 12
601k-650k 4 0
651k-700k 1 0
701k-750k 1 0.2 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0.2 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 2 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 3 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 3 0
2m-2.25m 3 0
2.25m-2.5m 4 0
3m-3.5m 1 0
3.5m-4m 4 0
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 2 1 0.1 12
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 0.3 0
15.01m-16m 1 0
27.01m-28m 1 0