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
126k-150k 1 0
176k-200k 1 0
226k-250k 1 1 0.2 6
251k-275k 3 2 1 0.1 9
276k-300k 18 54 8 0.5 2
301k-325k 57 164 14 0.5 2.1
326k-350k 93 208 29 0.4 2.7
351k-375k 87 159 24 0.3 3.3
376k-400k 108 132 19 0.2 4.9
401k-425k 60 74 12 0.2 4.9
426k-450k 57 54 13 0.2 6.3
451k-475k 27 27 8 0.2 6
476k-500k 20 33 5 0.3 3.6
501k-550k 25 25 1 0.2 6
551k-600k 7 12 4 0.3 3.5
601k-650k 10 10 1 0.2 6
651k-700k 3 3 0.2 6
701k-750k 3 2 0.1 9
751k-800k 2 0

Townhouses 0% 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
276k-300k 3 2 0.1 9
301k-325k 3 0
326k-350k 1 2 0.3 3

Land 4% 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 12 3 0 24
26k-50k 10 15 2 0.3 4
51k-75k 33 14 3 0.1 14.1
76k-100k 28 12 1 0.1 14
101k-125k 16 3 0 32
126k-150k 15 3 0 30
151k-175k 6 2 1 0.1 18
176k-200k 7 1 1 0 42
201k-225k 3 1 0.1 18
226k-250k 3 1 1 0.1 18
251k-275k 1 0.2 0
276k-300k 1 0
326k-350k 4 0
351k-375k 1 0
376k-400k 1 0
476k-500k 2 0
501k-550k 2 0
551k-600k 3 0
601k-650k 1 0
651k-700k 1 0
701k-750k 2 0
1m-1.1m 1 0
1.3m-1.4m 2 1 0.1 12
1.5m-1.6m 1 0
1.7m-1.8m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 1 0