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 24% 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 1 0.2 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 7 2 0.6 1.7
601k-650k 2 7 0.6 1.7
651k-700k 2 5 1 0.4 2.4
701k-750k 1 9 1.5 0.7
751k-800k 1 14 1 2.3 0.4
801k-850k 4 10 0.4 2.4
851k-900k 5 10 1 0.3 3
901k-950k 4 6 0.3 4
951k-1m 3 6 0.3 3
1m-1.1m 5 9 0.3 3.3
1.1m-1.2m 4 11 1 0.5 2.2
1.2m-1.3m 4 15 1 0.6 1.6
1.3m-1.4m 4 6 1 0.3 4
1.4m-1.5m 4 13 2 0.5 1.8
1.5m-1.6m 3 6 1 0.3 3
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 0.5 2
1.9m-2m 3 0
2m-2.25m 3 10 1 0.6 1.8
2.25m-2.5m 1 4 0.7 1.5
2.5m-2.75m 5 1 0 30
2.75m-3m 2 3 0.3 4
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 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
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 1 0.2 0
351k-375k 1 0.2 0
376k-400k 5 1 0 30
401k-425k 3 0.5 0
426k-450k 5 0.8 0
451k-475k 4 1 0.7 0
476k-500k 1 2 0.3 3
501k-550k 2 2 1 0.2 6
551k-600k 5 3 0.1 10
601k-650k 5 10 0.3 3
651k-700k 1 8 2 1.3 0.8
701k-750k 6 4 0.1 9
751k-800k 7 5 0.1 8.4
801k-850k 1 0.2 0
851k-900k 6 2 0.1 18
901k-950k 2 1 0.1 12
951k-1m 1 1 0.2 6
1m-1.1m 1 1 1 0.2 6
1.1m-1.2m 6 4 0.1 9
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 3 1 0.5 0
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 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
101k-125k 3 0
126k-150k 5 9 1 0.3 3.3
151k-175k 11 14 3 0.2 4.7
176k-200k 15 14 4 0.2 6.4
201k-225k 36 27 3 0.1 8
226k-250k 36 36 3 0.2 6
251k-275k 30 37 3 0.2 4.9
276k-300k 50 33 3 0.1 9.1
301k-325k 23 35 8 0.3 3.9
326k-350k 29 31 2 0.2 5.6
351k-375k 29 28 3 0.2 6.2
376k-400k 22 33 3 0.3 4
401k-425k 16 14 1 0.1 6.9
426k-450k 15 8 0.1 11.3
451k-475k 15 15 0.2 6
476k-500k 10 15 2 0.3 4
501k-550k 16 15 0.2 6.4
551k-600k 16 9 0.1 10.7
601k-650k 15 12 1 0.1 7.5
651k-700k 11 11 2 0.2 6
701k-750k 4 2 1 0.1 12
751k-800k 9 3 0.1 18
801k-850k 5 6 2 0.2 5
851k-900k 3 5 1 0.3 3.6
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 1 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 30% 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
601k-650k 1 1 0.2 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