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
126k-150k 1 0.2 0
176k-200k 1 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 1 0
301k-325k 2 0.3 0
326k-350k 3 1 0.1 18
351k-375k 2 1 0.3 0
376k-400k 6 1 0
401k-425k 1 2 0.3 3
426k-450k 7 3 0.1 14
451k-475k 1 4 0.7 1.5
476k-500k 4 2 0.1 12
501k-550k 2 6 1 0.5 2
551k-600k 7 9 2 0.2 4.7
601k-650k 5 16 0.5 1.9
651k-700k 9 24 1 0.4 2.3
701k-750k 10 19 1 0.3 3.2
751k-800k 1 16 3 2.7 0.4
801k-850k 8 12 3 0.3 4
851k-900k 5 17 3 0.6 1.8
901k-950k 1 8 1.3 0.8
951k-1m 6 10 1 0.3 3.6
1m-1.1m 8 22 2 0.5 2.2
1.1m-1.2m 5 21 2 0.7 1.4
1.2m-1.3m 6 17 1 0.5 2.1
1.3m-1.4m 7 17 2 0.4 2.5
1.4m-1.5m 4 13 0.5 1.8
1.5m-1.6m 6 11 1 0.3 3.3
1.6m-1.7m 3 12 0.7 1.5
1.7m-1.8m 6 12 0.3 3
1.8m-1.9m 4 4 0.2 6
1.9m-2m 2 10 1 0.8 1.2
2m-2.25m 6 10 1 0.3 3.6
2.25m-2.5m 8 14 2 0.3 3.4
2.5m-2.75m 8 8 0.2 6
2.75m-3m 6 9 2 0.3 4
3m-3.5m 12 8 1 0.1 9
3.5m-4m 12 9 1 0.1 8
4m-4.5m 7 3 1 0.1 14
4.5m-5m 6 1 0 36
5.01m-6m 7 5 0.1 8.4
6.01m-7m 2 1 0.1 12
7.01m-8m 2 0
8.01m-9m 1 1 0.2 6
9.01m-10m 1 0
16.01m-17m 1 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
201k-225k 1 0
251k-275k 1 0
276k-300k 2 6 0.5 2
301k-325k 3 0
326k-350k 7 10 0.2 4.2
351k-375k 9 8 0.1 6.8
376k-400k 10 6 1 0.1 10
401k-425k 4 6 0.3 4
426k-450k 5 9 3 0.3 3.3
451k-475k 3 9 1 0.5 2
476k-500k 8 5 0.1 9.6
501k-550k 9 15 1 0.3 3.6
551k-600k 7 8 1 0.2 5.3
601k-650k 15 11 3 0.1 8.2
651k-700k 7 10 2 0.2 4.2
701k-750k 10 8 1 0.1 7.5
751k-800k 7 6 1 0.1 7
801k-850k 2 3 0.3 4
851k-900k 10 7 1 0.1 8.6
901k-950k 5 0
951k-1m 1 1 0.2 6
1m-1.1m 4 1 0 24
1.1m-1.2m 2 0.3 0
1.2m-1.3m 4 0
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 0.2 0
2m-2.25m 2 2 0.3 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0
3.5m-4m 1 0
6.01m-7m 1 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 1 1 1 0.2 6
126k-150k 1 5 1 0.8 1.2
151k-175k 7 5 1 0.1 8.4
176k-200k 31 25 2 0.1 7.4
201k-225k 30 25 3 0.1 7.2
226k-250k 30 31 5 0.2 5.8
251k-275k 42 42 6 0.2 6
276k-300k 42 31 3 0.1 8.1
301k-325k 20 36 2 0.3 3.3
326k-350k 23 22 1 0.2 6.3
351k-375k 20 10 0.1 12
376k-400k 26 21 3 0.1 7.4
401k-425k 10 14 0.2 4.3
426k-450k 9 6 1 0.1 9
451k-475k 9 4 1 0.1 13.5
476k-500k 15 10 1 0.1 9
501k-550k 13 11 1 0.1 7.1
551k-600k 8 6 0.1 8
601k-650k 6 9 1 0.3 4
651k-700k 4 6 1 0.3 4
701k-750k 7 6 0.1 7
751k-800k 5 3 0.1 10
801k-850k 1 2 0.3 3
851k-900k 4 3 1 0.1 8
901k-950k 2 2 0.2 6
951k-1m 2 2 0.2 6
1m-1.1m 4 2 1 0.1 12
1.1m-1.2m 8 0
1.2m-1.3m 2 6 1 0.5 2
1.3m-1.4m 3 1 1 0.1 18
1.4m-1.5m 4 2 1 0.1 12
1.5m-1.6m 1 1 1 0.2 6
1.6m-1.7m 2 0
1.7m-1.8m 4 1 0 24
1.9m-2m 2 1 0.1 12
2m-2.25m 3 1 0.1 18
2.25m-2.5m 4 1 0 24
2.5m-2.75m 1 2 0.3 3
2.75m-3m 2 3 0.3 4
3m-3.5m 3 3 0.2 6
3.5m-4m 2 0
4m-4.5m 2 0
4.5m-5m 4 0
5.01m-6m 2 0
9.01m-10m 1 0
11.01m-12m 1 0

Land 9% 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
151k-175k 1 0.2 0
176k-200k 1 0
226k-250k 1 0
276k-300k 1 0
326k-350k 1 0.2 0
376k-400k 1 0
476k-500k 1 0.2 0
501k-550k 1 0
551k-600k 1 1 0.2 6
651k-700k 1 0
701k-750k 4 0
751k-800k 5 0
801k-850k 2 0
851k-900k 1 0
901k-950k 1 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 1 0.2 6
2.75m-3m 1 0
3m-3.5m 3 1 0.1 18
6.01m-7m 1 0