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 0% 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
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 6 1 1 0
201k-225k 1 4 1 0.7 1.5
226k-250k 4 4 1 0.2 6
251k-275k 7 17 2 0.4 2.5
276k-300k 18 19 1 0.2 5.7
301k-325k 16 37 11 0.4 2.6
326k-350k 27 48 5 0.3 3.4
351k-375k 30 87 18 0.5 2.1
376k-400k 72 152 21 0.4 2.8
401k-425k 97 137 23 0.2 4.2
426k-450k 90 120 19 0.2 4.5
451k-475k 74 70 14 0.2 6.3
476k-500k 59 60 5 0.2 5.9
501k-550k 82 70 10 0.1 7
551k-600k 70 57 6 0.1 7.4
601k-650k 29 43 7 0.2 4
651k-700k 25 27 5 0.2 5.6
701k-750k 21 18 3 0.1 7
751k-800k 9 10 2 0.2 5.4
801k-850k 7 13 2 0.3 3.2
851k-900k 6 5 0.1 7.2
901k-950k 1 4 1 0.7 1.5
951k-1m 2 3 0.3 4
1m-1.1m 1 1 0.2 6
1.1m-1.2m 5 0
1.2m-1.3m 3 0.5 0
1.3m-1.4m 3 0
1.4m-1.5m 4 0
1.7m-1.8m 5 0
1.9m-2m 2 1 1 0.1 12
2m-2.25m 1 0
2.75m-3m 2 0
3m-3.5m 2 0
3.5m-4m 1 0
4.5m-5m 2 0
15.01m-16m 1 0

Townhouses 0% 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
201k-225k 1 0
226k-250k 2 3 0.3 4
251k-275k 6 3 1 0
276k-300k 6 11 0.3 3.3
301k-325k 12 70 7 1 1
326k-350k 64 101 17 0.3 3.8
351k-375k 28 47 9 0.3 3.6
376k-400k 13 26 2 0.3 3
401k-425k 5 12 1 0.4 2.5
426k-450k 1 3 1 0.5 2
601k-650k 1 0

Condos 0% 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
101k-125k 1 1 0.2 0
126k-150k 2 0
151k-175k 5 1 0 30
226k-250k 1 1 0.2 6
251k-275k 1 0
276k-300k 1 0

Land 0% 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
1k-25k 37 12 1 0.1 18.5
26k-50k 54 2 0 162
51k-75k 10 6 2 0.1 10
76k-100k 11 4 0.1 16.5
101k-125k 1 5 1 0.8 1.2
126k-150k 13 6 0.1 13
151k-175k 3 2 0.1 9
176k-200k 5 1 0 30
201k-225k 6 3 1 0.1 12
226k-250k 4 2 0.1 12
251k-275k 2 1 0.1 12
276k-300k 4 2 0.1 12
301k-325k 1 1 0.2 6
326k-350k 2 3 0.3 4
351k-375k 1 0.2 0
376k-400k 3 2 0.1 9
401k-425k 2 0.3 0
426k-450k 2 0
451k-475k 1 1 0.2 0
476k-500k 1 0.2 0
501k-550k 4 3 0.1 8
551k-600k 3 0
601k-650k 5 0
651k-700k 1 2 1 0.3 3
701k-750k 1 0.2 0
751k-800k 2 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 3 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 2 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 2 0
3.5m-4m 1 0
5.01m-6m 1 0
11.01m-12m 1 0