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 28% 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 1 0.2 6
201k-225k 1 0.2 0
276k-300k 1 6 2 1 1
301k-325k 1 2 0.3 3
326k-350k 2 17 4 1.4 0.7
351k-375k 3 13 3 0.7 1.4
376k-400k 11 31 1 0.5 2.1
401k-425k 10 29 6 0.5 2.1
426k-450k 14 31 4 0.4 2.7
451k-475k 11 18 1 0.3 3.7
476k-500k 16 32 5 0.3 3
501k-550k 24 65 5 0.5 2.2
551k-600k 22 50 5 0.4 2.6
601k-650k 16 45 11 0.5 2.1
651k-700k 8 34 6 0.7 1.4
701k-750k 15 23 4 0.3 3.9
751k-800k 11 17 1 0.3 3.9
801k-850k 6 6 1 0.2 6
851k-900k 8 5 1 0.1 9.6
901k-950k 3 6 0.3 3
951k-1m 4 2 0.1 12
1m-1.1m 3 3 0.2 6
1.1m-1.2m 5 3 0.1 10
1.2m-1.3m 8 3 1 0.1 16
1.3m-1.4m 8 1 0 48
1.4m-1.5m 3 0.5 0
1.5m-1.6m 6 3 0.1 12
1.6m-1.7m 1 2 0.3 3
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 2 0.3 0
1.9m-2m 3 3 0.2 6
2m-2.25m 2 2 0.2 6
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 1 0.1 12
3m-3.5m 1 0
3.5m-4m 1 0
6.01m-7m 1 0

Townhouses 41% 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 0
251k-275k 1 1 0.2 6
276k-300k 7 1.2 0
301k-325k 3 5 1 0.3 3.6
326k-350k 3 7 0.4 2.6
351k-375k 8 8 1 0.2 6
376k-400k 7 8 2 0.2 5.3
401k-425k 3 26 8 1.4 0.7
426k-450k 5 11 1 0.4 2.7
451k-475k 4 2 1 0.1 12
476k-500k 1 9 1 1.5 0.7
501k-550k 4 8 2 0.3 3
551k-600k 1 1 0.2 6

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 2 0.3 0
276k-300k 1 2 0.3 3
326k-350k 2 1 0.3 0
351k-375k 2 2 0.2 6
401k-425k 1 0
426k-450k 1 0
451k-475k 1 1 0.2 0

Land 16% 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 2 2 0.3 3
101k-125k 1 0.2 0
126k-150k 3 0
151k-175k 1 1 0.2 6
176k-200k 2 0
226k-250k 1 0
276k-300k 2 0
301k-325k 2 0.3 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
901k-950k 1 0
951k-1m 1 0.2 0
1.1m-1.2m 1 0
1.4m-1.5m 1 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
5.01m-6m 1 0