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
376k-400k 2 0.3 0
401k-425k 1 0.2 0
451k-475k 1 0.2 0
501k-550k 1 0
551k-600k 1 2 0.3 3
601k-650k 1 6 1 1
651k-700k 3 12 1 0.7 1.5
701k-750k 7 11 1 0.3 3.8
751k-800k 1 12 3 2 0.5
801k-850k 5 11 2 0.4 2.7
851k-900k 3 16 1 0.9 1.1
901k-950k 1 7 1.2 0.9
951k-1m 4 10 1 0.4 2.4
1m-1.1m 5 20 2 0.7 1.5
1.1m-1.2m 5 22 2 0.7 1.4
1.2m-1.3m 5 17 1 0.6 1.8
1.3m-1.4m 6 17 2 0.5 2.1
1.4m-1.5m 4 12 0.5 2
1.5m-1.6m 5 11 2 0.4 2.7
1.6m-1.7m 3 11 0.6 1.6
1.7m-1.8m 6 12 0.3 3
1.8m-1.9m 4 5 0.2 4.8
1.9m-2m 3 9 0.5 2
2m-2.25m 6 11 1 0.3 3.3
2.25m-2.5m 8 13 2 0.3 3.7
2.5m-2.75m 8 8 0.2 6
2.75m-3m 5 10 2 0.3 3
3m-3.5m 12 8 1 0.1 9
3.5m-4m 10 9 1 0.2 6.7
4m-4.5m 4 3 1 0.1 8
4.5m-5m 6 1 1 0 36
5.01m-6m 8 5 1 0.1 9.6
6.01m-7m 2 1 0.1 12
7.01m-8m 2 0
8.01m-9m 1 1 0.2 6
16.01m-17m 1 0

Townhouses 12% 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 3 6 0.3 3
301k-325k 3 0
326k-350k 7 7 0.2 6
351k-375k 7 6 0.1 7
376k-400k 9 5 1 0.1 10.8
401k-425k 3 4 0.2 4.5
426k-450k 4 1 0 24
451k-475k 1 4 0.7 1.5
476k-500k 2 2 0.2 6
501k-550k 3 6 0.3 3
551k-600k 4 7 1 0.3 3.4
601k-650k 11 5 2 0.1 13.2
651k-700k 4 8 1 0.3 3
701k-750k 6 7 0.2 5.1
751k-800k 3 4 0.2 4.5
801k-850k 1 1 0.2 6
851k-900k 10 8 1 0.1 7.5
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 2 0.3 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 4 1 0.7 1.5
151k-175k 5 5 1 0.2 6
176k-200k 29 23 3 0.1 7.6
201k-225k 25 22 2 0.1 6.8
226k-250k 28 30 7 0.2 5.6
251k-275k 40 44 8 0.2 5.5
276k-300k 42 30 3 0.1 8.4
301k-325k 21 37 2 0.3 3.4
326k-350k 25 20 0.1 7.5
351k-375k 19 9 0.1 12.7
376k-400k 24 22 4 0.2 6.5
401k-425k 11 15 0.2 4.4
426k-450k 8 4 1 0.1 12
451k-475k 8 5 1 0.1 9.6
476k-500k 15 9 0.1 10
501k-550k 13 7 1 0.1 11.1
551k-600k 8 6 2 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
76k-100k 1 0
476k-500k 1 0.2 0
501k-550k 1 0
551k-600k 1 0.2 0
651k-700k 1 0
701k-750k 2 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 1 0.2 6
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
1.7m-1.8m 1 1 1 0.2 6
1.9m-2m 1 0
3m-3.5m 2 1 0.1 12
3.5m-4m 2 0
6.01m-7m 1 0