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 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
176k-200k 6 1 1 0
201k-225k 1 14 2 2.3 0.4
226k-250k 4 24 2 1 1
251k-275k 10 27 4 0.5 2.2
276k-300k 41 53 10 0.2 4.6
301k-325k 29 59 10 0.3 2.9
326k-350k 47 57 6 0.2 4.9
351k-375k 18 37 9 0.3 2.9
376k-400k 38 35 5 0.2 6.5
401k-425k 26 30 6 0.2 5.2
426k-450k 13 26 5 0.3 3
451k-475k 9 19 5 0.4 2.8
476k-500k 8 6 2 0.1 8
501k-550k 8 19 3 0.4 2.5
551k-600k 7 5 1 0.1 8.4
601k-650k 4 4 1 0.2 6
651k-700k 2 3 0.3 4
701k-750k 1 0.2 0
751k-800k 1 1 1 0.2 6
801k-850k 1 0
951k-1m 1 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0

Townhouses 13% 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 3 0.5 0
151k-175k 2 11 1 0.9 1.1
176k-200k 3 23 3 1.3 0.8
201k-225k 17 41 6 0.4 2.5
226k-250k 22 45 9 0.3 2.9
251k-275k 17 23 6 0.2 4.4
276k-300k 26 19 5 0.1 8.2
301k-325k 11 11 3 0.2 6
326k-350k 14 11 2 0.1 7.6
351k-375k 6 4 1 0.1 9
376k-400k 5 2 0.1 15
401k-425k 1 0.2 0
601k-650k 1 0

Condos 15% 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 0.2 0
51k-75k 1 5 2 0.8 1.2
76k-100k 4 6 1 0.3 4
126k-150k 6 1 1 0
151k-175k 6 21 3 0.6 1.7
176k-200k 19 30 1 0.3 3.8
201k-225k 10 24 5 0.4 2.5
226k-250k 6 14 3 0.4 2.6
251k-275k 4 8 2 0.3 3
276k-300k 3 2 1 0.1 9
326k-350k 1 0
351k-375k 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
4m-4.5m 1 0