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 18% 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 1 2 0.3 3
226k-250k 1 0.2 0
251k-275k 3 3 0.5 0
276k-300k 1 5 0.8 1.2
301k-325k 7 30 5 0.7 1.4
326k-350k 65 147 17 0.4 2.7
351k-375k 68 178 23 0.4 2.3
376k-400k 112 251 36 0.4 2.7
401k-425k 85 137 19 0.3 3.7
426k-450k 87 99 22 0.2 5.3
451k-475k 37 54 12 0.2 4.1
476k-500k 43 59 8 0.2 4.4
501k-550k 46 81 13 0.3 3.4
551k-600k 57 58 9 0.2 5.9
601k-650k 37 31 3 0.1 7.2
651k-700k 24 32 7 0.2 4.5
701k-750k 16 14 3 0.1 6.9
751k-800k 13 19 2 0.2 4.1
801k-850k 8 6 1 0.1 8
851k-900k 9 8 3 0.1 6.8
901k-950k 3 5 0.3 3.6
951k-1m 5 8 3 0.3 3.8
1m-1.1m 5 3 0.1 10
1.1m-1.2m 2 4 1 0.3 3
1.2m-1.3m 7 4 1 0.1 10.5
1.3m-1.4m 2 0.3 0
1.4m-1.5m 3 2 0.1 9
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 1 0.2 6
2m-2.25m 3 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
3.5m-4m 1 0
4m-4.5m 2 0
5.01m-6m 1 1 0.2 0
7.01m-8m 1 0

Townhouses 39% 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
326k-350k 1 0.2 0
351k-375k 1 1 0.2 6
376k-400k 5 9 2 0.3 3.3
401k-425k 13 10 1 0.1 7.8
426k-450k 2 1 0.1 12
476k-500k 1 0
501k-550k 3 1 0.1 18
551k-600k 1 0
601k-650k 2 1 0.1 12

Land 6% 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 1 1 0.2 6
26k-50k 10 11 3 0.2 5.5
51k-75k 7 4 0.1 10.5
76k-100k 27 12 2 0.1 13.5
101k-125k 18 6 0.1 18
126k-150k 9 12 3 0.2 4.5
151k-175k 8 4 0.1 12
176k-200k 14 2 0 42
201k-225k 5 4 2 0.1 7.5
226k-250k 5 2 0.1 15
251k-275k 3 2 0.1 9
276k-300k 5 2 0.1 15
301k-325k 7 3 1 0.1 14
326k-350k 5 5 0.2 6
351k-375k 3 0
376k-400k 7 1 0 42
401k-425k 1 0
426k-450k 2 2 0.2 6
451k-475k 3 1 0.1 18
476k-500k 4 0
551k-600k 3 0
601k-650k 4 0
651k-700k 1 0
701k-750k 1 0.2 0
751k-800k 1 0
851k-900k 1 1 0.2 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 2 0
1.2m-1.3m 2 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 3 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 3 0
2m-2.25m 3 0
2.25m-2.5m 3 0
3m-3.5m 1 0
3.5m-4m 4 0
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 1 1 1 0.2 6
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 0.3 0
15.01m-16m 1 0
27.01m-28m 1 0