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
51k-75k 1 0.2 0
76k-100k 1 1 0.2 6
101k-125k 4 0.7 0
126k-150k 5 4 1 0.1 7.5
151k-175k 5 7 1 0.2 4.3
176k-200k 6 12 1 0.3 3
201k-225k 6 10 1 0.3 3.6
226k-250k 7 23 6 0.5 1.8
251k-275k 16 18 5 0.2 5.3
276k-300k 24 33 4 0.2 4.4
301k-325k 24 40 7 0.3 3.6
326k-350k 41 41 5 0.2 6
351k-375k 23 30 4 0.2 4.6
376k-400k 19 21 2 0.2 5.4
401k-425k 13 17 3 0.2 4.6
426k-450k 7 10 1 0.2 4.2
451k-475k 4 5 0.2 4.8
476k-500k 6 8 0.2 4.5
501k-550k 10 10 2 0.2 6
551k-600k 10 11 2 0.2 5.5
601k-650k 16 11 4 0.1 8.7
651k-700k 14 6 3 0.1 14
701k-750k 12 5 0.1 14.4
751k-800k 11 6 0.1 11
801k-850k 9 1 0 54
851k-900k 11 1 0 66
901k-950k 6 2 1 0.1 18
951k-1m 5 0
1m-1.1m 2 0.3 0
1.1m-1.2m 3 0
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
1.9m-2m 2 1 1 0.1 12
2m-2.25m 1 0
2.25m-2.5m 2 1 0.1 12

Townhouses NAN% 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 1 0.2 0
201k-225k 2 0.3 0

Condos NAN% 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
226k-250k 1 0.2 0
251k-275k 1 1 0.2 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 11 17 3 0.3 3.9
26k-50k 35 36 5 0.2 5.8
51k-75k 23 11 2 0.1 12.5
76k-100k 8 7 2 0.1 6.9
101k-125k 6 5 1 0.1 7.2
126k-150k 10 4 0.1 15
151k-175k 3 5 0.3 3.6
176k-200k 11 5 1 0.1 13.2
201k-225k 3 3 0.2 6
226k-250k 8 4 1 0.1 12
251k-275k 4 2 0.1 12
276k-300k 8 1 0 48
301k-325k 2 0
326k-350k 5 1 0 30
351k-375k 3 1 1 0.1 18
376k-400k 7 1 0 42
401k-425k 2 0
426k-450k 1 2 0.3 3
476k-500k 4 0
501k-550k 1 1 0.2 6
551k-600k 3 1 0.1 18
651k-700k 4 0
701k-750k 2 1 0.1 12
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 0.2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.8m-1.9m 1 0
1.9m-2m 2 0
2m-2.25m 2 0
2.25m-2.5m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
8.01m-9m 1 0
13.01m-14m 1 0