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 1% 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 1 1 0.2 6
151k-175k 4 2 0.7 0
176k-200k 1 3 0.5 2
201k-225k 4 9 1 0.4 2.7
226k-250k 9 8 3 0.1 6.8
251k-275k 13 17 1 0.2 4.6
276k-300k 20 41 3 0.3 2.9
301k-325k 18 41 4 0.4 2.6
326k-350k 26 31 3 0.2 5
351k-375k 25 19 0.1 7.9
376k-400k 42 28 5 0.1 9
401k-425k 21 27 1 0.2 4.7
426k-450k 25 19 1 0.1 7.9
451k-475k 8 16 4 0.3 3
476k-500k 24 16 0.1 9
501k-550k 26 16 1 0.1 9.8
551k-600k 12 16 2 0.2 4.5
601k-650k 7 13 3 0.3 3.2
651k-700k 10 10 0.2 6
701k-750k 9 11 2 0.2 4.9
751k-800k 9 20 4 0.4 2.7
801k-850k 6 10 0.3 3.6
851k-900k 6 12 1 0.3 3
901k-950k 4 4 0.2 6
951k-1m 5 3 0.1 10
1m-1.1m 1 4 1 0.7 1.5
1.1m-1.2m 1 4 0.7 1.5
1.2m-1.3m 5 4 0.1 7.5
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 5 1 0 30
1.5m-1.6m 3 0
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 1 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 2 2 0.2 6
2m-2.25m 2 2 0.2 6
2.25m-2.5m 3 0
2.5m-2.75m 3 0
2.75m-3m 3 1 0.1 18
3m-3.5m 4 3 1 0.1 8
3.5m-4m 3 3 0.2 6
4m-4.5m 1 3 0.5 2
4.5m-5m 1 0.2 0
11.01m-12m 1 0

Townhouses 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
201k-225k 1 0
476k-500k 1 0
551k-600k 1 0
601k-650k 1 0.2 0

Condos 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
101k-125k 4 2 0.7 0
126k-150k 10 2 1 0 30
151k-175k 3 2 0.1 9
176k-200k 7 4 0.1 10.5
201k-225k 10 8 1 0.1 7.5
226k-250k 9 6 0.1 9
251k-275k 8 4 0.1 12
276k-300k 6 6 0.2 6
301k-325k 3 8 0.4 2.3
326k-350k 5 4 1 0.1 7.5
351k-375k 3 1 0.1 18
376k-400k 2 1 0.1 12
401k-425k 2 3 0.3 4
426k-450k 3 4 0.2 4.5
476k-500k 2 0
501k-550k 4 2 0.1 12
551k-600k 7 6 1 0.1 7
601k-650k 6 3 0.1 12
651k-700k 2 1 0.1 12
701k-750k 3 2 0.1 9
751k-800k 4 1 1 0 24
801k-850k 3 0
1.3m-1.4m 1 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 16 58 10 0.6 1.7
26k-50k 114 49 4 0.1 14
51k-75k 58 12 0 29
76k-100k 34 3 0 68
101k-125k 5 2 0.1 15
126k-150k 6 1 0 36
151k-175k 3 2 0.1 9
176k-200k 9 0
201k-225k 2 1 0.1 12
226k-250k 2 1 0.1 12
251k-275k 2 0.3 0
276k-300k 5 0
301k-325k 2 1 0.1 12
326k-350k 2 0
351k-375k 1 0
376k-400k 6 0
401k-425k 2 0.3 0
426k-450k 3 0
501k-550k 1 0
601k-650k 2 0
701k-750k 2 1 0.1 12
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0
951k-1m 3 0
1m-1.1m 5 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.9m-2m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 2 0
3m-3.5m 1 0
6.01m-7m 1 0