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 4 12 3 0.5 2
101k-125k 13 27 2 0.3 2.9
126k-150k 21 58 6 0.5 2.2
151k-175k 41 90 22 0.4 2.7
176k-200k 76 85 8 0.2 5.4
201k-225k 87 103 12 0.2 5.1
226k-250k 108 121 22 0.2 5.4
251k-275k 117 111 15 0.2 6.3
276k-300k 128 120 18 0.2 6.4
301k-325k 85 100 8 0.2 5.1
326k-350k 101 105 11 0.2 5.8
351k-375k 81 78 13 0.2 6.2
376k-400k 96 104 15 0.2 5.5
401k-425k 65 80 11 0.2 4.9
426k-450k 74 76 6 0.2 5.8
451k-475k 41 50 4 0.2 4.9
476k-500k 68 74 6 0.2 5.5
501k-550k 78 133 12 0.3 3.5
551k-600k 86 112 11 0.2 4.6
601k-650k 54 110 10 0.3 2.9
651k-700k 45 112 10 0.4 2.4
701k-750k 39 89 9 0.4 2.6
751k-800k 20 85 8 0.7 1.4
801k-850k 26 72 7 0.5 2.2
851k-900k 28 71 9 0.4 2.4
901k-950k 24 39 3 0.3 3.7
951k-1m 14 50 12 0.6 1.7
1m-1.1m 28 62 2 0.4 2.7
1.1m-1.2m 26 56 8 0.4 2.8
1.2m-1.3m 28 44 2 0.3 3.8
1.3m-1.4m 18 34 3 0.3 3.2
1.4m-1.5m 16 33 5 0.3 2.9
1.5m-1.6m 14 24 2 0.3 3.5
1.6m-1.7m 9 27 0.5 2
1.7m-1.8m 12 19 2 0.3 3.8
1.8m-1.9m 7 15 2 0.4 2.8
1.9m-2m 5 13 0.4 2.3
2m-2.25m 18 24 1 0.2 4.5
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 2 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 9 0.1 7.3
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 17% 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 2 0.5 2
176k-200k 17 9 4 0.1 11.3
201k-225k 20 16 0.1 7.5
226k-250k 35 21 1 0.1 10
251k-275k 22 22 0.2 6
276k-300k 28 30 0.2 5.6
301k-325k 11 20 4 0.3 3.3
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 19 47 8 0.4 2.4
451k-475k 24 39 6 0.3 3.7
476k-500k 27 37 5 0.2 4.4
501k-550k 46 63 6 0.2 4.4
551k-600k 36 41 8 0.2 5.3
601k-650k 32 53 6 0.3 3.6
651k-700k 18 37 3 0.3 2.9
701k-750k 22 22 1 0.2 6
751k-800k 19 22 3 0.2 5.2
801k-850k 12 8 1 0.1 9
851k-900k 17 13 2 0.1 7.8
901k-950k 12 3 1 0 24
951k-1m 7 5 1 0.1 8.4
1m-1.1m 8 8 3 0.2 6
1.1m-1.2m 7 11 4 0.3 3.8
1.2m-1.3m 8 5 0.1 9.6
1.3m-1.4m 6 1 0
1.4m-1.5m 1 5 2 0.8 1.2
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 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 1 0.2 0
26k-50k 2 1 1 0.1 12
51k-75k 4 2 0.1 12
76k-100k 1 3 3 0.5 2
101k-125k 4 10 4 0.4 2.4
126k-150k 22 22 4 0.2 6
151k-175k 35 37 8 0.2 5.7
176k-200k 73 61 10 0.1 7.2
201k-225k 110 78 7 0.1 8.5
226k-250k 111 107 12 0.2 6.2
251k-275k 101 107 10 0.2 5.7
276k-300k 126 106 15 0.1 7.1
301k-325k 64 88 6 0.2 4.4
326k-350k 80 83 4 0.2 5.8
351k-375k 53 43 5 0.1 7.4
376k-400k 61 63 4 0.2 5.8
401k-425k 38 42 2 0.2 5.4
426k-450k 25 25 3 0.2 6
451k-475k 24 32 3 0.2 4.5
476k-500k 35 35 2 0.2 6
501k-550k 38 33 3 0.1 6.9
551k-600k 29 25 1 0.1 7
601k-650k 20 23 2 0.2 5.2
651k-700k 18 14 1 0.1 7.7
701k-750k 14 7 1 0.1 12
751k-800k 12 5 0.1 14.4
801k-850k 10 8 1 0.1 7.5
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 7 0.2 5.1
1.3m-1.4m 6 3 0.1 12
1.4m-1.5m 6 3 0.1 12
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 3 2 1 0.1 9
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 46 28 1 0.1 9.9
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 7 2 0 21
201k-225k 3 2 0.1 9
226k-250k 4 1 0 24
251k-275k 2 1 1 0.1 12
276k-300k 7 1 0 42
301k-325k 3 0
326k-350k 6 5 1 0.1 7.2
351k-375k 3 2 0.1 9
376k-400k 4 1 0 24
426k-450k 2 1 0.3 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 8 1 0 48
751k-800k 6 0
801k-850k 4 1 0 24
851k-900k 7 2 1 0 21
901k-950k 3 1 0.1 18
951k-1m 5 3 0.1 10
1m-1.1m 4 0
1.1m-1.2m 1 3 0.5 2
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