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 29% 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 1 0.2 6
201k-225k 1 0.2 0
276k-300k 1 5 1 0.8 1.2
301k-325k 1 5 2 0.8 1.2
326k-350k 1 13 2.2 0.5
351k-375k 6 13 2 0.4 2.8
376k-400k 10 28 3 0.5 2.1
401k-425k 11 27 3 0.4 2.4
426k-450k 10 30 4 0.5 2
451k-475k 12 16 3 0.2 4.5
476k-500k 14 30 2 0.4 2.8
501k-550k 15 59 6 0.7 1.5
551k-600k 19 48 6 0.4 2.4
601k-650k 13 45 5 0.6 1.7
651k-700k 12 28 2 0.4 2.6
701k-750k 10 15 3 0.3 4
751k-800k 11 16 4 0.2 4.1
801k-850k 4 6 0.3 4
851k-900k 7 4 1 0.1 10.5
901k-950k 3 3 0.2 6
951k-1m 2 2 0.2 6
1m-1.1m 3 2 0.1 9
1.1m-1.2m 6 3 0.1 12
1.2m-1.3m 9 2 0 27
1.3m-1.4m 8 1 0 48
1.4m-1.5m 3 0.5 0
1.5m-1.6m 4 5 2 0.2 4.8
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 6 1 0 36
1.8m-1.9m 2 0.3 0
1.9m-2m 2 3 0.3 4
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 1 0
3.5m-4m 1 0
6.01m-7m 1 0

Townhouses 44% 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
226k-250k 1 1 0.2 0
251k-275k 3 1 0.5 0
276k-300k 1 6 1 1
301k-325k 3 6 0.3 3
326k-350k 2 7 1 0.6 1.7
351k-375k 8 7 0.1 6.9
376k-400k 6 8 2 0.2 4.5
401k-425k 32 6 5.3 0
426k-450k 4 6 1 0.3 4
451k-475k 2 3 1 0.3 4
476k-500k 1 6 1 1
501k-550k 3 8 1 0.4 2.3
551k-600k 1 0

Condos 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
251k-275k 1 0.2 0
276k-300k 3 1 0.5 0
326k-350k 2 0.3 0
351k-375k 3 0
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0.2 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
26k-50k 3 0
76k-100k 1 0.2 0
126k-150k 2 1 0.1 12
151k-175k 1 1 0.2 6
176k-200k 1 0
226k-250k 1 0
276k-300k 3 0
301k-325k 1 0.2 0
326k-350k 1 0
351k-375k 1 1 0.2 6
376k-400k 3 1 0.1 18
401k-425k 4 0
426k-450k 2 1 0.1 12
451k-475k 1 0
476k-500k 1 0
651k-700k 1 2 0.3 3
951k-1m 1 0.2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0