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 20% 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
276k-300k 1 0
376k-400k 2 0.3 0
426k-450k 1 0
476k-500k 1 0
601k-650k 2 0.3 0
651k-700k 1 1 0.2 6
701k-750k 2 1 0.3 0
751k-800k 3 0.5 0
801k-850k 1 0
851k-900k 1 3 1 0.5 2
901k-950k 1 2 1 0.3 3
951k-1m 1 0.2 0
1m-1.1m 4 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0.2 0
1.3m-1.4m 3 2 1 0.1 9
1.4m-1.5m 5 1 0.8 0
1.6m-1.7m 1 0
2m-2.25m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 1 0.1 12
3m-3.5m 2 0
3.5m-4m 2 1 0.1 12
4m-4.5m 1 0
5.01m-6m 1 0.2 0

Townhouses 8% 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
251k-275k 1 0.2 0
351k-375k 1 0.2 0
376k-400k 1 0
401k-425k 1 0
451k-475k 1 0.2 0
501k-550k 1 0
551k-600k 4 1 0 24
601k-650k 2 2 0.2 6
651k-700k 2 0
701k-750k 1 2 0.3 3
801k-850k 1 1 1 0.2 6
851k-900k 3 1 0.1 18
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 1 0
1.4m-1.5m 1 0.2 0
2.25m-2.5m 1 0.2 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
126k-150k 1 3 1 0.5 2
151k-175k 2 7 3 0.6 1.7
176k-200k 10 5 1 0.1 12
201k-225k 16 19 0.2 5.1
226k-250k 18 25 4 0.2 4.3
251k-275k 12 23 1 0.3 3.1
276k-300k 32 21 5 0.1 9.1
301k-325k 28 22 4 0.1 7.6
326k-350k 15 24 3 0.3 3.8
351k-375k 22 15 2 0.1 8.8
376k-400k 22 28 3 0.2 4.7
401k-425k 15 18 3 0.2 5
426k-450k 7 8 0.2 5.3
451k-475k 8 12 1 0.3 4
476k-500k 11 9 1 0.1 7.3
501k-550k 17 12 1 0.1 8.5
551k-600k 10 13 0.2 4.6
601k-650k 7 9 0.2 4.7
651k-700k 11 11 2 0.2 6
701k-750k 4 2 0.1 12
751k-800k 6 1 0 36
801k-850k 7 6 0.1 7
851k-900k 3 3 0.2 6
951k-1m 2 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 2 0
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 3 1 1 0.1 18
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 1 0.2 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 2 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 0.2 0
4m-4.5m 1 0

Land 0% 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
276k-300k 1 0