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 23% 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
101k-125k 1 0.2 0
251k-275k 1 0
326k-350k 1 0
351k-375k 2 0.3 0
376k-400k 1 2 0.3 3
426k-450k 1 2 0.3 3
476k-500k 2 1 0.1 12
501k-550k 2 0.3 0
551k-600k 2 6 2 0.5 2
601k-650k 1 9 1 1.5 0.7
651k-700k 2 5 1 0.4 2.4
701k-750k 1 9 1.5 0.7
751k-800k 1 15 3 2.5 0.4
801k-850k 4 10 1 0.4 2.4
851k-900k 6 9 0.3 4
901k-950k 4 6 0.3 4
951k-1m 3 6 0.3 3
1m-1.1m 6 9 0.3 4
1.1m-1.2m 4 12 2 0.5 2
1.2m-1.3m 4 15 1 0.6 1.6
1.3m-1.4m 4 7 1 0.3 3.4
1.4m-1.5m 4 14 2 0.6 1.7
1.5m-1.6m 3 5 0.3 3.6
1.6m-1.7m 2 5 0.4 2.4
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 1 3 1 0.5 2
1.9m-2m 3 0
2m-2.25m 3 10 2 0.6 1.8
2.25m-2.5m 1 4 0.7 1.5
2.5m-2.75m 6 1 0 36
2.75m-3m 3 3 0.2 6
3m-3.5m 4 2 0.1 12
3.5m-4m 7 1 0 42
4m-4.5m 1 0
4.5m-5m 1 0.2 0
5.01m-6m 1 0.2 0
8.01m-9m 1 0.2 0

Townhouses 16% 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
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 1 0.2 0
351k-375k 1 0.2 0
376k-400k 6 0
401k-425k 3 0.5 0
426k-450k 5 0.8 0
451k-475k 1 3 0.5 2
476k-500k 1 2 0.3 3
501k-550k 2 3 1 0.3 4
551k-600k 5 5 1 0.2 6
601k-650k 5 11 2 0.4 2.7
651k-700k 1 8 3 1.3 0.8
701k-750k 6 5 0.1 7.2
751k-800k 7 5 0.1 8.4
801k-850k 1 1 0.2 6
851k-900k 5 2 0.1 15
901k-950k 2 1 0.1 12
951k-1m 1 1 0.2 6
1m-1.1m 1 2 1 0.3 3
1.1m-1.2m 6 5 0.1 7.2
1.2m-1.3m 4 3 0.1 8
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 2 0.3 3
1.5m-1.6m 1 0
1.9m-2m 1 0.2 0
2.25m-2.5m 1 0.2 0

Condos 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
101k-125k 3 0
126k-150k 6 8 3 0.2 4.5
151k-175k 11 14 3 0.2 4.7
176k-200k 16 15 3 0.2 6.4
201k-225k 37 29 3 0.1 7.7
226k-250k 36 37 2 0.2 5.8
251k-275k 32 37 3 0.2 5.2
276k-300k 53 32 0.1 9.9
301k-325k 26 35 6 0.2 4.5
326k-350k 30 33 2 0.2 5.5
351k-375k 26 28 4 0.2 5.6
376k-400k 23 33 3 0.2 4.2
401k-425k 16 18 1 0.2 5.3
426k-450k 15 8 0.1 11.3
451k-475k 13 14 0.2 5.6
476k-500k 9 18 3 0.3 3
501k-550k 17 16 2 0.2 6.4
551k-600k 16 11 0.1 8.7
601k-650k 16 13 2 0.1 7.4
651k-700k 11 10 1 0.2 6.6
701k-750k 4 3 1 0.1 8
751k-800k 9 3 0.1 18
801k-850k 6 7 2 0.2 5.1
851k-900k 4 5 2 0.2 4.8
951k-1m 2 0
1m-1.1m 2 3 2 0.3 4
1.1m-1.2m 3 0
1.2m-1.3m 2 3 0.3 4
1.3m-1.4m 2 3 2 0.3 4
1.4m-1.5m 3 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 3 0
1.9m-2m 4 0
2m-2.25m 2 0
2.25m-2.5m 1 0
4m-4.5m 1 0

Land 22% 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
51k-75k 1 0.2 0
76k-100k 2 0.3 0
226k-250k 1 0.2 0
276k-300k 1 0
651k-700k 2 0
801k-850k 1 0.2 0
851k-900k 2 0
901k-950k 1 1 0.2 6
951k-1m 1 0
1.1m-1.2m 1 0.2 0