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 24% 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 1 0.2 0
76k-100k 2 0
126k-150k 2 0.3 0
151k-175k 1 0
201k-225k 1 0.2 0
226k-250k 5 2 0.8 0
251k-275k 3 7 0.4 2.6
276k-300k 7 8 0.2 5.3
301k-325k 6 14 4 0.4 2.6
326k-350k 6 15 2 0.4 2.4
351k-375k 8 28 1 0.6 1.7
376k-400k 12 29 5 0.4 2.5
401k-425k 20 37 5 0.3 3.2
426k-450k 18 52 5 0.5 2.1
451k-475k 16 45 8 0.5 2.1
476k-500k 22 31 0.2 4.3
501k-550k 31 75 12 0.4 2.5
551k-600k 29 45 3 0.3 3.9
601k-650k 30 58 8 0.3 3.1
651k-700k 31 51 7 0.3 3.6
701k-750k 15 42 5 0.5 2.1
751k-800k 20 27 2 0.2 4.4
801k-850k 15 13 2 0.1 6.9
851k-900k 10 9 2 0.2 6.7
901k-950k 3 7 1 0.4 2.6
951k-1m 5 8 0.3 3.8
1m-1.1m 1 8 2 1.3 0.8
1.1m-1.2m 4 5 1 0.2 4.8
1.2m-1.3m 2 3 0.3 4
1.3m-1.4m 4 5 1 0.2 4.8
1.4m-1.5m 2 5 0.4 2.4
1.5m-1.6m 3 3 1 0.2 6
1.6m-1.7m 3 5 1 0.3 3.6
1.7m-1.8m 2 1 0.3 0
1.8m-1.9m 1 0
1.9m-2m 4 1 0 24
2m-2.25m 3 2 1 0.1 9
2.25m-2.5m 4 1 0 24
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 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
226k-250k 2 0.3 0
251k-275k 2 0.3 0
276k-300k 1 1 0.2 6
301k-325k 2 4 1 0.3 3
326k-350k 3 7 0.4 2.6
351k-375k 2 7 0.6 1.7
376k-400k 1 2 0.3 3
401k-425k 1 1 0.2 6
426k-450k 7 2 0 21
451k-475k 4 1 0 24
476k-500k 1 3 0.5 2
501k-550k 3 0.5 0
551k-600k 3 0
601k-650k 3 1 0.1 18
651k-700k 7 0
701k-750k 1 0
751k-800k 1 0.2 0

Condos 67% 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
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 1 1 0.2 0
376k-400k 1 1 0.2 0
401k-425k 2 1 0.3 0

Land 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
1k-25k 1 0.2 0
26k-50k 1 1 0.2 6
51k-75k 3 1 0.1 18
76k-100k 4 3 0.1 8
101k-125k 2 3 1 0.3 4
126k-150k 3 2 0.1 9
151k-175k 4 2 0.1 12
176k-200k 1 3 0.5 2
201k-225k 8 1 0 48
226k-250k 8 3 0.1 16
251k-275k 4 2 0.1 12
276k-300k 5 2 0.1 15
301k-325k 2 1 0.1 12
326k-350k 5 0
351k-375k 4 0
376k-400k 1 1 0.2 6
401k-425k 1 0.2 0
426k-450k 2 2 2 0.2 6
451k-475k 2 1 0.1 12
476k-500k 1 1 0.2 6
501k-550k 1 0
551k-600k 1 1 0.2 6
601k-650k 3 0
651k-700k 4 0
701k-750k 2 0
751k-800k 3 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 1 0.2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 4 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 2 0
3m-3.5m 1 0
3.5m-4m 2 0
4m-4.5m 1 0
6.01m-7m 1 0