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
26k-50k 1 1 0.2 0
151k-175k 1 0.2 0
201k-225k 3 1 0.5 0
251k-275k 2 2 0.2 6
276k-300k 2 5 3 0.4 2.4
301k-325k 1 15 4 2.5 0.4
326k-350k 11 32 5 0.5 2.1
351k-375k 21 66 14 0.5 1.9
376k-400k 27 81 9 0.5 2
401k-425k 25 85 15 0.6 1.8
426k-450k 36 70 13 0.3 3.1
451k-475k 32 65 9 0.3 3
476k-500k 30 60 7 0.3 3
501k-550k 72 141 18 0.3 3.1
551k-600k 70 131 23 0.3 3.2
601k-650k 60 90 16 0.3 4
651k-700k 50 87 19 0.3 3.4
701k-750k 42 81 10 0.3 3.1
751k-800k 34 63 9 0.3 3.2
801k-850k 23 35 7 0.3 3.9
851k-900k 24 27 8 0.2 5.3
901k-950k 28 14 2 0.1 12
951k-1m 15 16 2 0.2 5.6
1m-1.1m 12 16 1 0.2 4.5
1.1m-1.2m 10 9 3 0.2 6.7
1.2m-1.3m 6 10 0.3 3.6
1.3m-1.4m 7 6 1 0.1 7
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 3 3 2 0.2 6
1.6m-1.7m 1 4 1 0.7 1.5
1.7m-1.8m 1 1 1 0.2 6
1.8m-1.9m 1 2 0.3 3
1.9m-2m 1 2 0.3 3
2m-2.25m 5 0
2.25m-2.5m 4 1 0 24
2.75m-3m 1 2 1 0.3 3
3m-3.5m 1 0.2 0
4.5m-5m 1 0

Townhouses 12% 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 4 0.7 1.5
226k-250k 9 5 1.5 0
251k-275k 3 10 1 0.6 1.8
276k-300k 6 20 1 0.6 1.8
301k-325k 2 10 2 0.8 1.2
326k-350k 2 12 1 1 1
351k-375k 5 7 1 0.2 4.3
376k-400k 4 8 1 0.3 3
401k-425k 6 1 0 36
426k-450k 5 3 0.1 10
451k-475k 1 5 0.8 1.2
476k-500k 2 0.3 0
501k-550k 2 0.3 0
551k-600k 1 0.2 0
701k-750k 1 1 0.2 6

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
176k-200k 2 2 0.2 6
201k-225k 1 0
226k-250k 2 1 0.1 12
251k-275k 2 0.3 0
301k-325k 2 2 0.2 6
326k-350k 2 2 2 0.2 6

Land 2% 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
126k-150k 1 0
151k-175k 4 1 0 24
176k-200k 3 0
201k-225k 1 0
226k-250k 2 0
276k-300k 1 0
301k-325k 1 0
326k-350k 1 0
351k-375k 2 0
376k-400k 3 1 1 0.1 18
401k-425k 2 1 0.1 12
426k-450k 4 2 1 0.1 12
451k-475k 3 3 0.2 6
476k-500k 4 2 1 0.1 12
501k-550k 2 1 0.1 12
551k-600k 3 0
601k-650k 1 0
751k-800k 1 0
851k-900k 1 0.2 0
951k-1m 1 0
1.1m-1.2m 1 0
1.5m-1.6m 1 0
2.5m-2.75m 1 0