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 14% 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 2 0.3 0
176k-200k 2 0
226k-250k 1 4 3 0.7 1.5
251k-275k 4 11 1 0.5 2.2
276k-300k 21 30 4 0.2 4.2
301k-325k 34 56 10 0.3 3.6
326k-350k 42 52 13 0.2 4.8
351k-375k 31 50 6 0.3 3.7
376k-400k 22 35 4 0.3 3.8
401k-425k 19 12 3 0.1 9.5
426k-450k 16 23 3 0.2 4.2
451k-475k 13 10 1 0.1 7.8
476k-500k 5 7 1 0.2 4.3
501k-550k 7 5 1 0.1 8.4
551k-600k 13 5 1 0.1 15.6
601k-650k 6 3 1 0.1 12
651k-700k 1 1 0.2 0
701k-750k 1 1 0.2 0

Townhouses 25% 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
101k-125k 3 0.5 0
126k-150k 1 6 2 1 1
201k-225k 2 1 0.1 12

Land 2% 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 3 2 0.1 9
26k-50k 18 9 0.1 12
51k-75k 29 7 1 0 24.9
76k-100k 12 8 2 0.1 9
101k-125k 5 1 1 0 30
126k-150k 6 3 0.1 12
151k-175k 7 1 0 42
176k-200k 3 1 0.1 18
201k-225k 4 1 0 24
226k-250k 4 0
276k-300k 1 0.2 0
326k-350k 2 0
501k-550k 1 0
551k-600k 1 2 1 0.3 3
651k-700k 3 0
701k-750k 2 0
801k-850k 1 0.2 0
851k-900k 2 0
2.25m-2.5m 2 0
3m-3.5m 3 0
6.01m-7m 1 0.2 0