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 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
26k-50k 1 0.2 0
51k-75k 1 6 1 1
76k-100k 5 12 3 0.4 2.5
101k-125k 12 28 3 0.4 2.6
126k-150k 20 59 8 0.5 2
151k-175k 41 89 21 0.4 2.8
176k-200k 75 87 10 0.2 5.2
201k-225k 87 105 14 0.2 5
226k-250k 112 120 22 0.2 5.6
251k-275k 117 110 15 0.2 6.4
276k-300k 133 118 18 0.1 6.8
301k-325k 84 101 8 0.2 5
326k-350k 100 105 10 0.2 5.7
351k-375k 80 77 12 0.2 6.2
376k-400k 96 105 15 0.2 5.5
401k-425k 65 81 12 0.2 4.8
426k-450k 70 80 8 0.2 5.3
451k-475k 43 48 4 0.2 5.4
476k-500k 68 72 4 0.2 5.7
501k-550k 80 133 11 0.3 3.6
551k-600k 87 111 11 0.2 4.7
601k-650k 56 109 9 0.3 3.1
651k-700k 49 111 7 0.4 2.6
701k-750k 38 88 9 0.4 2.6
751k-800k 20 85 8 0.7 1.4
801k-850k 28 73 6 0.4 2.3
851k-900k 26 72 10 0.5 2.2
901k-950k 24 38 3 0.3 3.8
951k-1m 16 50 12 0.5 1.9
1m-1.1m 30 62 2 0.3 2.9
1.1m-1.2m 27 55 7 0.3 2.9
1.2m-1.3m 29 44 2 0.3 4
1.3m-1.4m 18 36 4 0.3 3
1.4m-1.5m 16 32 5 0.3 3
1.5m-1.6m 14 24 2 0.3 3.5
1.6m-1.7m 9 26 0.5 2.1
1.7m-1.8m 12 18 2 0.3 4
1.8m-1.9m 8 15 2 0.3 3.2
1.9m-2m 5 13 0.4 2.3
2m-2.25m 17 25 2 0.2 4.1
2.25m-2.5m 15 30 3 0.3 3
2.5m-2.75m 22 10 0.1 13.2
2.75m-3m 12 12 1 0.2 6
3m-3.5m 17 18 0.2 5.7
3.5m-4m 18 12 1 0.1 9
4m-4.5m 9 8 2 0.1 6.8
4.5m-5m 9 3 0.1 18
5.01m-6m 11 8 0.1 8.3
6.01m-7m 3 1 0.1 18
7.01m-8m 1 1 0.2 6
8.01m-9m 1 2 0.3 3
9.01m-10m 1 0
16.01m-17m 1 0
37.01m-38m 1 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
51k-75k 2 1 0.3 0
101k-125k 2 4 0.3 3
126k-150k 5 3 0.1 10
151k-175k 3 9 1 0.5 2
176k-200k 17 9 4 0.1 11.3
201k-225k 18 18 2 0.2 6
226k-250k 36 22 1 0.1 9.8
251k-275k 21 22 0.2 5.7
276k-300k 28 30 0.2 5.6
301k-325k 11 19 4 0.3 3.5
326k-350k 17 36 5 0.4 2.8
351k-375k 14 29 2 0.3 2.9
376k-400k 44 42 7 0.2 6.3
401k-425k 16 31 2 0.3 3.1
426k-450k 20 47 8 0.4 2.6
451k-475k 27 37 6 0.2 4.4
476k-500k 25 36 5 0.2 4.2
501k-550k 44 64 8 0.2 4.1
551k-600k 36 41 8 0.2 5.3
601k-650k 33 54 7 0.3 3.7
651k-700k 17 40 6 0.4 2.6
701k-750k 22 22 1 0.2 6
751k-800k 20 22 3 0.2 5.5
801k-850k 13 8 1 0.1 9.8
851k-900k 17 13 1 0.1 7.8
901k-950k 12 3 0 24
951k-1m 7 5 1 0.1 8.4
1m-1.1m 8 9 2 0.2 5.3
1.1m-1.2m 7 10 3 0.2 4.2
1.2m-1.3m 8 5 0.1 9.6
1.3m-1.4m 5 0.8 0
1.4m-1.5m 1 4 2 0.7 1.5
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 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
1k-25k 1 0.2 0
26k-50k 2 1 1 0.1 12
51k-75k 4 2 0.1 12
76k-100k 1 3 1 0.5 2
101k-125k 4 10 4 0.4 2.4
126k-150k 21 22 5 0.2 5.7
151k-175k 35 37 8 0.2 5.7
176k-200k 74 61 9 0.1 7.3
201k-225k 110 80 9 0.1 8.3
226k-250k 111 106 13 0.2 6.3
251k-275k 99 108 10 0.2 5.5
276k-300k 125 107 16 0.1 7
301k-325k 64 89 8 0.2 4.3
326k-350k 80 84 5 0.2 5.7
351k-375k 53 42 5 0.1 7.6
376k-400k 62 64 5 0.2 5.8
401k-425k 39 42 2 0.2 5.6
426k-450k 26 25 3 0.2 6.2
451k-475k 24 32 3 0.2 4.5
476k-500k 36 35 2 0.2 6.2
501k-550k 39 33 3 0.1 7.1
551k-600k 29 25 1 0.1 7
601k-650k 20 23 2 0.2 5.2
651k-700k 20 14 1 0.1 8.6
701k-750k 14 7 1 0.1 12
751k-800k 13 5 0.1 15.6
801k-850k 10 7 1 0.1 8.6
851k-900k 6 7 1 0.2 5.1
901k-950k 4 3 0.1 8
951k-1m 5 3 0.1 10
1m-1.1m 7 7 3 0.2 6
1.1m-1.2m 13 2 0 39
1.2m-1.3m 6 8 0.2 4.5
1.3m-1.4m 7 2 0 21
1.4m-1.5m 5 3 0.1 10
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 5 0
1.7m-1.8m 6 1 0 36
1.8m-1.9m 2 1 0.1 12
1.9m-2m 7 2 1 0 21
2m-2.25m 4 2 1 0.1 12
2.25m-2.5m 5 1 0 30
2.5m-2.75m 2 2 0.2 6
2.75m-3m 2 3 0.3 4
3m-3.5m 2 2 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

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
1k-25k 6 4 0.1 9
26k-50k 31 19 2 0.1 9.8
51k-75k 44 30 3 0.1 8.8
76k-100k 49 20 1 0.1 14.7
101k-125k 34 7 1 0 29.1
126k-150k 27 4 0 40.5
151k-175k 23 2 0 69
176k-200k 8 2 0 24
201k-225k 3 2 0.1 9
226k-250k 5 1 0 30
251k-275k 2 1 1 0.1 12
276k-300k 7 1 0 42
301k-325k 3 0
326k-350k 8 5 1 0.1 9.6
351k-375k 2 3 0.3 4
376k-400k 5 1 0 30
426k-450k 1 1 0.2 0
476k-500k 1 2 0.3 3
501k-550k 1 1 0.2 6
551k-600k 7 3 0.1 14
601k-650k 1 0
651k-700k 5 2 0.1 15
701k-750k 9 1 0 54
751k-800k 6 0
801k-850k 4 1 0 24
851k-900k 5 3 2 0.1 10
901k-950k 3 1 0.1 18
951k-1m 5 3 0.1 10
1m-1.1m 4 0
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 3 3 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 3 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 3 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
5.01m-6m 2 0
6.01m-7m 1 0