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 44% 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 1 0
201k-225k 3 2 0.5 0
226k-250k 3 5 2 0.3 3.6
251k-275k 1 12 2 2 0.5
276k-300k 11 20 3 0.3 3.3
301k-325k 8 19 2 0.4 2.5
326k-350k 6 39 10 1.1 0.9
351k-375k 10 66 10 1.1 0.9
376k-400k 12 52 9 0.7 1.4
401k-425k 8 39 6 0.8 1.2
426k-450k 17 36 7 0.4 2.8
451k-475k 17 41 10 0.4 2.5
476k-500k 17 37 6 0.4 2.8
501k-550k 19 60 4 0.5 1.9
551k-600k 19 47 6 0.4 2.4
601k-650k 11 36 3 0.5 1.8
651k-700k 13 25 5 0.3 3.1
701k-750k 5 7 1 0.2 4.3
751k-800k 5 7 1 0.2 4.3
801k-850k 4 2 0.1 12
851k-900k 2 5 1 0.4 2.4
901k-950k 3 2 0.1 9
951k-1m 1 2 1 0.3 3
1m-1.1m 2 0.3 0
1.1m-1.2m 1 1 0.2 6
1.3m-1.4m 1 0.2 0
1.4m-1.5m 4 0

Townhouses 35% 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
226k-250k 11 1.8 0
251k-275k 21 3.5 0
276k-300k 24 4 0
301k-325k 1 13 2.2 0.5
326k-350k 1 7 1.2 0.9
351k-375k 5 0.8 0
376k-400k 1 3 0.5 2
401k-425k 7 3 0.1 14
426k-450k 2 3 0.3 4
451k-475k 1 0.2 0
476k-500k 1 0
651k-700k 2 0.3 0

Condos 43% 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
176k-200k 4 1 0.7 0
201k-225k 2 1 0.3 0
226k-250k 2 4 0.3 3
251k-275k 3 2 0.1 9
276k-300k 2 4 1 0.3 3
301k-325k 1 1 1 0.2 6
326k-350k 2 0.3 0
351k-375k 1 1 0.2 0
376k-400k 1 1 0.2 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
26k-50k 2 2 0.3 0
51k-75k 2 4 0.3 3
76k-100k 2 1 0.1 12
101k-125k 2 0
126k-150k 2 1 0.1 12
176k-200k 1 0
226k-250k 1 0
251k-275k 1 0
351k-375k 1 0
376k-400k 1 0
401k-425k 1 0
476k-500k 1 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
801k-850k 1 0.2 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.3m-1.4m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
3.5m-4m 1 0
5.01m-6m 2 0
6.01m-7m 1 0