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 20% 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
76k-100k 1 0
126k-150k 1 0
201k-225k 2 1 1 0.1 12
226k-250k 4 1 0.7 0
251k-275k 9 1 1.5 0
276k-300k 16 34 9 0.4 2.8
301k-325k 21 44 4 0.3 2.9
326k-350k 23 87 15 0.6 1.6
351k-375k 34 115 17 0.6 1.8
376k-400k 45 184 32 0.7 1.5
401k-425k 47 177 26 0.6 1.6
426k-450k 71 203 23 0.5 2.1
451k-475k 86 153 29 0.3 3.4
476k-500k 73 157 23 0.4 2.8
501k-550k 115 253 41 0.4 2.7
551k-600k 91 206 32 0.4 2.7
601k-650k 79 144 26 0.3 3.3
651k-700k 52 103 21 0.3 3
701k-750k 42 66 7 0.3 3.8
751k-800k 38 79 13 0.3 2.9
801k-850k 21 31 2 0.2 4.1
851k-900k 27 24 1 0.1 6.8
901k-950k 13 17 1 0.2 4.6
951k-1m 12 25 7 0.3 2.9
1m-1.1m 14 16 4 0.2 5.3
1.1m-1.2m 9 22 5 0.4 2.5
1.2m-1.3m 10 15 4 0.3 4
1.3m-1.4m 9 15 4 0.3 3.6
1.4m-1.5m 5 7 2 0.2 4.3
1.5m-1.6m 4 7 2 0.3 3.4
1.6m-1.7m 2 5 0.4 2.4
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 1 5 2 0.8 1.2
1.9m-2m 5 1 0 30
2m-2.25m 6 4 0.1 9
2.25m-2.5m 8 8 1 0.2 6
2.5m-2.75m 1 0
2.75m-3m 3 0
3.5m-4m 2 0
4m-4.5m 1 0
5.01m-6m 1 0.2 0
7.01m-8m 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
1k-25k 1 0
176k-200k 5 6 2 0.2 5
201k-225k 9 3 1.5 0
226k-250k 4 27 6 1.1 0.9
251k-275k 15 42 7 0.5 2.1
276k-300k 21 73 11 0.6 1.7
301k-325k 31 81 13 0.4 2.3
326k-350k 23 73 14 0.5 1.9
351k-375k 21 53 5 0.4 2.4
376k-400k 27 38 10 0.2 4.3
401k-425k 12 22 5 0.3 3.3
426k-450k 7 12 0.3 3.5
451k-475k 4 6 0.3 4
476k-500k 2 0.3 0
501k-550k 1 3 0.5 2
551k-600k 2 2 0.2 6
601k-650k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 1 0
751k-800k 1 0

Condos 13% 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
151k-175k 2 1 0.3 0
176k-200k 2 7 3 0.6 1.7
201k-225k 14 20 5 0.2 4.2
226k-250k 19 20 2 0.2 5.7
251k-275k 18 31 2 0.3 3.5
276k-300k 7 10 1 0.2 4.2
301k-325k 7 14 3 0.3 3
326k-350k 2 8 2 0.7 1.5
451k-475k 1 0

Land 7% 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 3 0
26k-50k 1 0.2 0
76k-100k 1 1 0.2 6
101k-125k 1 2 0.3 3
126k-150k 3 2 0.1 9
151k-175k 3 2 1 0.1 9
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 1 6 1 1
276k-300k 1 1 0.2 6
301k-325k 3 0
326k-350k 1 1 0.2 6
351k-375k 1 0.2 0
376k-400k 2 1 0.1 12
401k-425k 1 2 0.3 3
426k-450k 1 1 0.2 6
451k-475k 1 0
476k-500k 1 3 2 0.5 2
501k-550k 1 0.2 0
551k-600k 3 0
601k-650k 3 1 1 0.1 18
651k-700k 6 1 0 36
701k-750k 1 0
801k-850k 2 1 0.1 12
851k-900k 1 0
951k-1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.7m-1.8m 1 1 1 0.2 6
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 3 0