Absorption Report

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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 17% 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
326k-350k 6 5 1 0.1 7.2
351k-375k 11 43 10 0.7 1.5
376k-400k 47 127 16 0.5 2.2
401k-425k 78 113 24 0.2 4.1
426k-450k 71 89 13 0.2 4.8
451k-475k 55 63 13 0.2 5.2
476k-500k 45 54 12 0.2 5
501k-550k 58 65 14 0.2 5.4
551k-600k 62 63 5 0.2 5.9
601k-650k 31 23 4 0.1 8.1
651k-700k 12 12 1 0.2 6
701k-750k 17 4 1 0 25.5
751k-800k 8 12 4 0.3 4
801k-850k 2 4 2 0.3 3
851k-900k 1 3 0.5 2
901k-950k 4 2 2 0.1 12
951k-1m 1 1 0.2 0
1m-1.1m 4 0
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.7m-1.8m 1 0
2m-2.25m 1 0

Townhouses 11% 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
326k-350k 1 0
351k-375k 1 1 0.2 6
376k-400k 5 6 1 0.2 5
401k-425k 1 3 0.5 2

Land 6% 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
26k-50k 1 0.2 0
51k-75k 2 0.3 0
101k-125k 2 2 0.2 6
126k-150k 3 4 1 0.2 4.5
151k-175k 2 1 0.1 12
176k-200k 5 1 0 30
201k-225k 2 1 0.1 12
251k-275k 5 1 0 30
326k-350k 2 3 0.3 4
351k-375k 1 1 1 0.2 6
376k-400k 1 0
401k-425k 2 0.3 0
451k-475k 1 0.2 0
476k-500k 3 0
651k-700k 4 0
701k-750k 1 0
751k-800k 1 1 0.2 6
801k-850k 1 0
951k-1m 3 0
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.7m-1.8m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
4m-4.5m 1 0