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 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
26k-50k 1 4 1 0.7 1.5
51k-75k 2 3 0.3 4
76k-100k 3 8 3 0.4 2.3
101k-125k 2 5 1 0.4 2.4
126k-150k 12 10 1 0.1 7.2
151k-175k 9 14 2 0.3 3.9
176k-200k 12 27 2 0.4 2.7
201k-225k 22 49 10 0.4 2.7
226k-250k 51 76 14 0.2 4
251k-275k 58 112 20 0.3 3.1
276k-300k 69 177 19 0.4 2.3
301k-325k 78 178 27 0.4 2.6
326k-350k 91 162 19 0.3 3.4
351k-375k 83 112 12 0.2 4.4
376k-400k 97 118 7 0.2 4.9
401k-425k 44 59 9 0.2 4.5
426k-450k 40 58 9 0.2 4.1
451k-475k 32 54 5 0.3 3.6
476k-500k 34 32 6 0.2 6.4
501k-550k 43 48 7 0.2 5.4
551k-600k 35 31 2 0.1 6.8
601k-650k 19 26 4 0.2 4.4
651k-700k 13 23 4 0.3 3.4
701k-750k 7 27 2 0.6 1.6
751k-800k 5 9 0.3 3.3
801k-850k 8 6 2 0.1 8
851k-900k 8 7 1 0.1 6.9
901k-950k 6 5 0.1 7.2
951k-1m 3 1 0.1 18
1m-1.1m 6 1 0
1.1m-1.2m 3 3 1 0.2 6
1.2m-1.3m 3 4 1 0.2 4.5
1.3m-1.4m 3 0.5 0
1.4m-1.5m 4 1 0 24
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 2 0.3 0
1.9m-2m 1 1 0.2 0
2m-2.25m 1 1 0.2 6
3m-3.5m 1 0
4m-4.5m 1 0

Townhouses 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
126k-150k 1 1 0.2 0
151k-175k 5 1 0.8 0
176k-200k 4 5 0.2 4.8
201k-225k 1 7 1.2 0.9
226k-250k 8 9 2 0.2 5.3
251k-275k 8 36 6 0.8 1.3
276k-300k 8 30 6 0.6 1.6

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
76k-100k 1 1 0.2 6
101k-125k 4 6 1 0.3 4
126k-150k 7 10 1 0.2 4.2
151k-175k 10 9 1 0.2 6.7
176k-200k 11 6 0.1 11
201k-225k 6 3 0.1 12
226k-250k 2 1 0.1 12
251k-275k 1 5 1 0.8 1.2
276k-300k 5 9 2 0.3 3.3
301k-325k 2 3 1 0.3 4
326k-350k 3 1 0.1 18
351k-375k 3 0.5 0
376k-400k 1 0
401k-425k 1 1 0.2 6
426k-450k 1 0
501k-550k 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
1k-25k 1 0.2 0
26k-50k 9 17 6 0.3 3.2
51k-75k 11 8 2 0.1 8.3
76k-100k 10 7 0.1 8.6
101k-125k 5 2 1 0.1 15
126k-150k 7 6 1 0.1 7
151k-175k 5 6 1 0.2 5
176k-200k 2 3 1 0.3 4
201k-225k 4 2 0.1 12
226k-250k 2 2 0.2 6
251k-275k 3 1 0.1 18
276k-300k 1 1 0.2 6
301k-325k 1 0
326k-350k 1 1 0.2 6
351k-375k 2 0
376k-400k 3 0
401k-425k 1 0
426k-450k 4 0
451k-475k 3 0
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 1 0
601k-650k 1 0
651k-700k 2 1 0.1 12
851k-900k 2 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 2 0
3m-3.5m 1 0
4m-4.5m 1 0