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 27% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 2 1 0.3 0
76k-100k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 1 0.2 0
176k-200k 1 2 1 0.3 3
201k-225k 3 0
226k-250k 8 2 1.3 0
251k-275k 4 2 0.7 0
276k-300k 4 24 5 1 1
301k-325k 8 35 3 0.7 1.4
326k-350k 10 46 5 0.8 1.3
351k-375k 19 62 9 0.5 1.8
376k-400k 30 55 9 0.3 3.3
401k-425k 22 54 11 0.4 2.4
426k-450k 19 38 4 0.3 3
451k-475k 13 38 7 0.5 2.1
476k-500k 19 36 6 0.3 3.2
501k-550k 33 43 6 0.2 4.6
551k-600k 17 37 6 0.4 2.8
601k-650k 14 17 3 0.2 4.9
651k-700k 8 12 1 0.3 4
701k-750k 10 7 0.1 8.6
751k-800k 8 8 0.2 6
801k-850k 10 10 1 0.2 6
851k-900k 6 5 0.1 7.2
901k-950k 3 6 0.3 3
951k-1m 4 7 0.3 3.4
1m-1.1m 4 5 0.2 4.8
1.1m-1.2m 4 2 0.1 12
1.2m-1.3m 4 1 0 24
1.3m-1.4m 4 0
1.4m-1.5m 3 1 1 0.1 18
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 2 2 1 0.2 6
1.8m-1.9m 1 0
1.9m-2m 2 0
2m-2.25m 2 2 1 0.2 6
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 2 0
3.5m-4m 1 0

Townhouses 18% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 1 0.2 0
251k-275k 2 0
276k-300k 5 8 1 0.3 3.8
301k-325k 7 10 1 0.2 4.2
326k-350k 4 4 1 0.2 6
351k-375k 1 1 0.2 6
376k-400k 6 8 1 0.2 4.5
401k-425k 13 13 2 0.2 6
426k-450k 2 0
451k-475k 1 0.2 0
476k-500k 1 0
501k-550k 3 0.5 0

Condos 20% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
276k-300k 2 0
326k-350k 1 1 0.2 6
376k-400k 2 0
401k-425k 2 0
701k-750k 1 0
751k-800k 2 0.3 0

Land 14% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 2 3 0.3 4
51k-75k 4 1 0.7 0
76k-100k 1 0.2 0
101k-125k 2 2 0.2 6
126k-150k 1 0.2 0
151k-175k 5 1 0 30
176k-200k 4 3 0.1 8
201k-225k 1 0
226k-250k 4 0
251k-275k 2 0
276k-300k 4 0
301k-325k 1 0
376k-400k 2 1 0.1 12
401k-425k 1 2 1 0.3 3
451k-475k 2 0
476k-500k 1 0
501k-550k 3 0
551k-600k 3 1 0.1 18
601k-650k 1 0
651k-700k 1 0
701k-750k 3 0
801k-850k 1 0
901k-950k 1 0.2 0
951k-1m 3 0
1m-1.1m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0.2 0
3m-3.5m 1 0
3.5m-4m 1 0