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 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
26k-50k 1 0.2 0
51k-75k 3 6 0.3 3
76k-100k 6 10 2 0.3 3.6
101k-125k 12 30 3 0.4 2.4
126k-150k 25 60 2 0.4 2.5
151k-175k 53 81 19 0.3 3.9
176k-200k 76 90 19 0.2 5.1
201k-225k 92 105 12 0.2 5.3
226k-250k 113 121 24 0.2 5.6
251k-275k 122 112 17 0.2 6.5
276k-300k 150 120 17 0.1 7.5
301k-325k 85 99 11 0.2 5.2
326k-350k 127 111 15 0.1 6.9
351k-375k 90 76 13 0.1 7.1
376k-400k 100 99 16 0.2 6.1
401k-425k 73 78 10 0.2 5.6
426k-450k 72 77 9 0.2 5.6
451k-475k 45 49 5 0.2 5.5
476k-500k 73 78 9 0.2 5.6
501k-550k 87 129 12 0.2 4
551k-600k 78 116 10 0.2 4
601k-650k 54 117 16 0.4 2.8
651k-700k 42 114 12 0.5 2.2
701k-750k 41 77 4 0.3 3.2
751k-800k 23 93 13 0.7 1.5
801k-850k 32 69 4 0.4 2.8
851k-900k 28 76 9 0.5 2.2
901k-950k 29 40 1 0.2 4.4
951k-1m 25 42 1 0.3 3.6
1m-1.1m 26 64 7 0.4 2.4
1.1m-1.2m 31 59 10 0.3 3.2
1.2m-1.3m 26 48 4 0.3 3.3
1.3m-1.4m 18 37 6 0.3 2.9
1.4m-1.5m 18 32 3 0.3 3.4
1.5m-1.6m 14 24 3 0.3 3.5
1.6m-1.7m 9 27 2 0.5 2
1.7m-1.8m 15 17 0.2 5.3
1.8m-1.9m 9 15 2 0.3 3.6
1.9m-2m 10 15 2 0.3 4
2m-2.25m 21 22 1 0.2 5.7
2.25m-2.5m 14 33 3 0.4 2.5
2.5m-2.75m 18 9 0.1 12
2.75m-3m 14 17 1 0.2 4.9
3m-3.5m 20 16 1 0.1 7.5
3.5m-4m 19 11 2 0.1 10.4
4m-4.5m 10 6 2 0.1 10
4.5m-5m 9 5 0.1 10.8
5.01m-6m 11 9 0.1 7.3
6.01m-7m 3 1 0.1 18
7.01m-8m 3 0
8.01m-9m 1 3 0.5 2
9.01m-10m 1 0
16.01m-17m 1 0
37.01m-38m 1 0

Townhouses 21% 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 2 1 0.3 0
101k-125k 2 4 0.3 3
126k-150k 5 5 0.2 6
151k-175k 5 8 2 0.3 3.8
176k-200k 16 9 3 0.1 10.7
201k-225k 24 17 2 0.1 8.5
226k-250k 27 22 4 0.1 7.4
251k-275k 23 24 3 0.2 5.8
276k-300k 23 36 1 0.3 3.8
301k-325k 11 19 1 0.3 3.5
326k-350k 24 32 0.2 4.5
351k-375k 13 31 3 0.4 2.5
376k-400k 45 39 6 0.1 6.9
401k-425k 17 32 5 0.3 3.2
426k-450k 28 43 8 0.3 3.9
451k-475k 24 42 4 0.3 3.4
476k-500k 32 35 3 0.2 5.5
501k-550k 49 63 5 0.2 4.7
551k-600k 35 45 5 0.2 4.7
601k-650k 33 52 8 0.3 3.8
651k-700k 21 41 3 0.3 3.1
701k-750k 25 23 3 0.2 6.5
751k-800k 23 23 1 0.2 6
801k-850k 11 9 1 0.1 7.3
851k-900k 20 14 2 0.1 8.6
901k-950k 11 4 1 0.1 16.5
951k-1m 4 5 0.2 4.8
1m-1.1m 11 8 3 0.1 8.3
1.1m-1.2m 8 7 1 0.1 6.9
1.2m-1.3m 9 5 0.1 10.8
1.3m-1.4m 7 1 1.2 0
1.4m-1.5m 1 3 0.5 2
1.5m-1.6m 1 1 0.2 6
1.9m-2m 1 0.2 0
2m-2.25m 2 0.3 0
2.25m-2.5m 2 0.3 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
1k-25k 1 0.2 0
26k-50k 2 1 1 0.1 12
51k-75k 4 2 0.1 12
76k-100k 1 1 1 0.2 6
101k-125k 8 7 2 0.1 6.9
126k-150k 16 23 1 0.2 4.2
151k-175k 33 33 5 0.2 6
176k-200k 82 62 8 0.1 7.9
201k-225k 116 82 11 0.1 8.5
226k-250k 106 108 13 0.2 5.9
251k-275k 117 107 8 0.2 6.6
276k-300k 119 101 13 0.1 7.1
301k-325k 64 98 13 0.3 3.9
326k-350k 89 89 4 0.2 6
351k-375k 52 50 4 0.2 6.2
376k-400k 57 67 7 0.2 5.1
401k-425k 33 46 2 0.2 4.3
426k-450k 30 25 1 0.1 7.2
451k-475k 29 30 1 0.2 5.8
476k-500k 39 33 3 0.1 7.1
501k-550k 40 37 5 0.2 6.5
551k-600k 28 25 0.1 6.7
601k-650k 23 25 1 0.2 5.5
651k-700k 17 16 1 0.2 6.4
701k-750k 13 8 1 0.1 9.8
751k-800k 14 7 0.1 12
801k-850k 8 9 2 0.2 5.3
851k-900k 7 10 4 0.2 4.2
901k-950k 2 2 0.2 6
951k-1m 4 3 0.1 8
1m-1.1m 7 6 3 0.1 7
1.1m-1.2m 13 0
1.2m-1.3m 5 9 0.3 3.3
1.3m-1.4m 6 4 2 0.1 9
1.4m-1.5m 7 3 1 0.1 14
1.5m-1.6m 1 2 1 0.3 3
1.6m-1.7m 4 0
1.7m-1.8m 6 2 0.1 18
1.8m-1.9m 3 0
1.9m-2m 6 1 0 36
2m-2.25m 5 1 0 30
2.25m-2.5m 5 1 0 30
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 3 0
4.5m-5m 4 0
5.01m-6m 2 0
9.01m-10m 1 0
11.01m-12m 1 0

Land 11% 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 6 3 0.1 12
26k-50k 41 19 4 0.1 12.9
51k-75k 60 33 3 0.1 10.9
76k-100k 57 22 3 0.1 15.5
101k-125k 36 7 1 0 30.9
126k-150k 29 6 0 29
151k-175k 21 2 0 63
176k-200k 7 2 0 21
201k-225k 3 2 0.1 9
226k-250k 8 1 0 48
251k-275k 2 0
276k-300k 8 1 1 0 48
301k-325k 3 1 0.1 18
326k-350k 6 4 1 0.1 9
351k-375k 2 3 0.3 4
376k-400k 5 1 0 30
426k-450k 1 1 0.2 6
451k-475k 1 0
476k-500k 1 3 0.5 2
501k-550k 2 1 0.1 12
551k-600k 6 3 0.1 12
651k-700k 6 3 0.1 12
701k-750k 8 1 0 48
751k-800k 7 0
801k-850k 4 2 0.1 12
851k-900k 7 1 0 42
901k-950k 2 1 0.1 12
951k-1m 6 2 0.1 18
1m-1.1m 2 0
1.1m-1.2m 1 3 0.5 2
1.2m-1.3m 4 1 0 24
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 4 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 3 1 1 0.1 18
1.8m-1.9m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
3m-3.5m 3 1 0.1 18
5.01m-6m 2 0
6.01m-7m 1 0