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 27% 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
51k-75k 1 0
76k-100k 1 2 0.3 3
101k-125k 1 1 0.2 6
126k-150k 3 1 0.5 0
151k-175k 2 3 0.3 4
176k-200k 1 5 2 0.8 1.2
201k-225k 3 10 3 0.6 1.8
226k-250k 2 9 0.8 1.3
251k-275k 11 1.8 0
276k-300k 7 22 1 0.5 1.9
301k-325k 10 30 5 0.5 2
326k-350k 9 15 1 0.3 3.6
351k-375k 8 33 5 0.7 1.5
376k-400k 10 27 10 0.5 2.2
401k-425k 17 26 5 0.3 3.9
426k-450k 16 25 2 0.3 3.8
451k-475k 10 18 3 0.3 3.3
476k-500k 19 31 3 0.3 3.7
501k-550k 12 46 8 0.6 1.6
551k-600k 18 23 4 0.2 4.7
601k-650k 13 15 2 0.2 5.2
651k-700k 10 18 1 0.3 3.3
701k-750k 6 18 3 0.5 2
751k-800k 10 11 0.2 5.5
801k-850k 7 9 2 0.2 4.7
851k-900k 11 7 0.1 9.4
901k-950k 3 7 0.4 2.6
951k-1m 5 5 1 0.2 6
1m-1.1m 7 6 1 0.1 7
1.1m-1.2m 3 4 1 0.2 4.5
1.2m-1.3m 5 3 0.1 10
1.3m-1.4m 5 5 0.2 6
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 1 0
1.8m-1.9m 1 2 0.3 3
1.9m-2m 1 0.2 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 1 0
3m-3.5m 1 0
3.5m-4m 3 0
4.5m-5m 1 0
8.01m-9m 1 0

Townhouses 34% 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
301k-325k 2 0.3 0
326k-350k 2 12 2 1 1
351k-375k 10 10 1 0.2 6
376k-400k 5 6 3 0.2 5
401k-425k 3 0.5 0
426k-450k 1 5 2 0.8 1.2
451k-475k 1 1 0.2 6
476k-500k 1 2 1 0.3 3
501k-550k 4 1 0.7 0
551k-600k 1 3 0.5 2
601k-650k 1 0.2 0
651k-700k 2 0
901k-950k 1 0.2 0
951k-1m 2 0

Condos 15% 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
176k-200k 4 2 0.7 0
201k-225k 3 4 1 0.2 4.5
226k-250k 4 4 0.2 6
251k-275k 1 3 0.5 2
276k-300k 1 7 1.2 0.9
301k-325k 3 1 0.1 18
326k-350k 1 5 0.8 1.2
351k-375k 2 2 1 0.2 6
376k-400k 3 6 1 0.3 3
401k-425k 5 2 0.1 15
426k-450k 2 4 0.3 3
451k-475k 1 1 0.2 6
476k-500k 1 0
501k-550k 1 2 0.3 3
551k-600k 2 0
1.5m-1.6m 1 0
1.9m-2m 1 0
2.5m-2.75m 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 9 5 0.1 10.8
26k-50k 68 12 0 34
51k-75k 34 11 3 0.1 18.5
76k-100k 27 7 0 23.1
101k-125k 17 5 0 20.4
126k-150k 17 6 0.1 17
151k-175k 4 1 0 24
176k-200k 17 2 1 0 51
201k-225k 7 1 0 42
226k-250k 14 5 0.1 16.8
251k-275k 4 1 0 24
276k-300k 9 2 0 27
301k-325k 2 2 0.2 6
326k-350k 1 2 0.3 3
351k-375k 1 0.2 0
376k-400k 3 0
401k-425k 1 0.2 0
426k-450k 5 0
451k-475k 1 0
476k-500k 1 0
501k-550k 2 0
551k-600k 5 2 0.1 15
601k-650k 2 0
651k-700k 1 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0.2 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0.2 0
1.3m-1.4m 1 0
2m-2.25m 1 0
2.75m-3m 1 0