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 26% 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 10 35 4 0.6 1.7
326k-350k 10 47 5 0.8 1.3
351k-375k 19 63 10 0.6 1.8
376k-400k 30 55 9 0.3 3.3
401k-425k 21 53 10 0.4 2.4
426k-450k 21 40 4 0.3 3.2
451k-475k 13 38 7 0.5 2.1
476k-500k 19 37 6 0.3 3.1
501k-550k 34 42 6 0.2 4.9
551k-600k 18 37 6 0.3 2.9
601k-650k 14 17 3 0.2 4.9
651k-700k 9 12 1 0.2 4.5
701k-750k 10 8 0.1 7.5
751k-800k 8 8 0.2 6
801k-850k 10 10 1 0.2 6
851k-900k 6 6 0.2 6
901k-950k 4 6 0.3 4
951k-1m 4 8 0.3 3
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 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
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 5 4 0.1 7.5
351k-375k 1 1 0.2 6
376k-400k 6 8 1 0.2 4.5
401k-425k 14 12 1 0.1 7
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 2 1 0.1 12
376k-400k 1 0
401k-425k 2 0
701k-750k 1 0
751k-800k 2 0.3 0

Land 13% 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 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 3 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