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
1k-25k 2 0.3 0
76k-100k 1 0.2 0
101k-125k 1 6 3 1 1
126k-150k 1 9 1.5 0.7
151k-175k 6 12 2 0.3 3
176k-200k 8 19 6 0.4 2.5
201k-225k 6 22 4 0.6 1.6
226k-250k 15 24 3 0.3 3.8
251k-275k 24 34 5 0.2 4.2
276k-300k 27 53 9 0.3 3.1
301k-325k 30 59 10 0.3 3.1
326k-350k 45 105 21 0.4 2.6
351k-375k 56 83 7 0.2 4
376k-400k 78 108 19 0.2 4.3
401k-425k 65 82 7 0.2 4.8
426k-450k 75 87 16 0.2 5.2
451k-475k 44 70 8 0.3 3.8
476k-500k 72 63 10 0.1 6.9
501k-550k 99 122 14 0.2 4.9
551k-600k 106 134 19 0.2 4.7
601k-650k 80 92 15 0.2 5.2
651k-700k 69 59 10 0.1 7
701k-750k 33 47 3 0.2 4.2
751k-800k 33 34 4 0.2 5.8
801k-850k 36 34 8 0.2 6.4
851k-900k 20 20 3 0.2 6
901k-950k 14 19 2 0.2 4.4
951k-1m 24 11 2 0.1 13.1
1m-1.1m 14 17 3 0.2 4.9
1.1m-1.2m 25 16 4 0.1 9.4
1.2m-1.3m 14 4 0 21
1.3m-1.4m 10 12 2 0.2 5
1.4m-1.5m 11 8 3 0.1 8.3
1.5m-1.6m 10 6 1 0.1 10
1.6m-1.7m 20 9 1 0.1 13.3
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 4 4 0.2 6
1.9m-2m 3 2 1 0.1 9
2m-2.25m 9 6 1 0.1 9
2.25m-2.5m 5 4 1 0.1 7.5
2.5m-2.75m 3 2 1 0.1 9
2.75m-3m 9 2 0 27
3m-3.5m 8 4 1 0.1 12
3.5m-4m 7 1 0 42
4m-4.5m 3 1 0.1 18
4.5m-5m 1 2 0.3 3
5.01m-6m 4 1 0 24
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 1 0
17.01m-18m 1 0.2 0
24.01m-25m 1 0

Townhouses 11% 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 1 0
126k-150k 1 3 2 0.5 2
151k-175k 3 4 0.2 4.5
176k-200k 14 15 6 0.2 5.6
201k-225k 13 15 1 0.2 5.2
226k-250k 27 23 5 0.1 7
251k-275k 23 16 0.1 8.6
276k-300k 18 27 4 0.3 4
301k-325k 25 15 1 0.1 10
326k-350k 31 25 0.1 7.4
351k-375k 13 16 6 0.2 4.9
376k-400k 15 1 1 0 90
401k-425k 2 1 0.1 12
426k-450k 4 1 0 24
451k-475k 2 0
476k-500k 3 1 0.1 18
501k-550k 2 0
551k-600k 2 3 0.3 4
601k-650k 1 0
751k-800k 1 0.2 0
901k-950k 1 0.2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0.2 0

Condos 9% 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 8 12 2 0.3 4
101k-125k 15 20 0.2 4.5
126k-150k 39 37 6 0.2 6.3
151k-175k 54 61 8 0.2 5.3
176k-200k 83 71 12 0.1 7
201k-225k 87 56 7 0.1 9.3
226k-250k 112 52 7 0.1 12.9
251k-275k 78 51 10 0.1 9.2
276k-300k 110 58 8 0.1 11.4
301k-325k 83 52 7 0.1 9.6
326k-350k 102 42 7 0.1 14.6
351k-375k 55 30 2 0.1 11
376k-400k 59 34 1 0.1 10.4
401k-425k 40 15 0.1 16
426k-450k 32 17 3 0.1 11.3
451k-475k 22 18 1 0.1 7.3
476k-500k 23 11 3 0.1 12.5
501k-550k 23 19 2 0.1 7.3
551k-600k 17 8 0.1 12.8
601k-650k 12 3 0 24
651k-700k 9 2 0 27
701k-750k 7 3 0.1 14
751k-800k 5 1 0 30
801k-850k 4 2 0.1 12
851k-900k 5 2 0.1 15
901k-950k 2 1 0.1 12
951k-1m 4 1 0 24
1m-1.1m 2 1 0.1 12
1.1m-1.2m 8 3 3 0.1 16
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 3 2 0.1 9
1.4m-1.5m 4 1 0 24
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 3 2 1 0.1 9
1.7m-1.8m 1 1 0.2 0
2.25m-2.5m 1 0.2 0
2.75m-3m 1 0
3.5m-4m 1 0
5.01m-6m 1 0

Land 9% 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 14 29 6 0.3 2.9
26k-50k 69 55 9 0.1 7.5
51k-75k 70 30 5 0.1 14
76k-100k 59 11 1 0 32.2
101k-125k 12 8 2 0.1 9
126k-150k 23 8 0.1 17.3
151k-175k 16 8 2 0.1 12
176k-200k 18 8 3 0.1 13.5
201k-225k 17 5 0 20.4
226k-250k 15 3 0 30
251k-275k 15 2 0 45
276k-300k 4 4 1 0.2 6
301k-325k 2 1 0.1 12
326k-350k 8 0
351k-375k 2 3 1 0.3 4
376k-400k 5 2 0.1 15
426k-450k 3 0
451k-475k 2 1 0.1 12
476k-500k 6 1 0 36
501k-550k 3 1 0.1 18
551k-600k 10 2 0 30
601k-650k 5 6 1 0.2 5
651k-700k 1 0
701k-750k 5 0
751k-800k 2 0
801k-850k 1 0.2 0
851k-900k 2 0
951k-1m 2 0
1.1m-1.2m 4 2 2 0.1 12
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.8m-1.9m 2 1 0.1 12
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 2 0
2.75m-3m 3 1 0.1 18
3m-3.5m 2 0
3.5m-4m 1 0.2 0
4m-4.5m 1 1 0.2 6
6.01m-7m 2 0
11.01m-12m 1 0