Absorption Report

Commerce, Waterworks


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 36% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 4 0
151k-175k 3 0.5 0
176k-200k 5 1 0.8 0
201k-225k 10 1.7 0
226k-250k 3 7 2 0.4 2.6
251k-275k 4 24 6 1 1
276k-300k 8 33 8 0.7 1.5
301k-325k 5 52 7 1.7 0.6
326k-350k 22 78 12 0.6 1.7
351k-375k 12 81 14 1.1 0.9
376k-400k 42 90 14 0.4 2.8
401k-425k 24 86 14 0.6 1.7
426k-450k 32 88 17 0.5 2.2
451k-475k 23 69 12 0.5 2
476k-500k 25 73 17 0.5 2.1
501k-550k 50 145 24 0.5 2.1
551k-600k 37 96 12 0.4 2.3
601k-650k 34 100 23 0.5 2
651k-700k 39 93 16 0.4 2.5
701k-750k 26 75 15 0.5 2.1
751k-800k 16 48 11 0.5 2
801k-850k 17 44 8 0.4 2.3
851k-900k 14 38 10 0.5 2.2
901k-950k 15 24 1 0.3 3.8
951k-1m 11 27 6 0.4 2.4
1m-1.1m 17 23 4 0.2 4.4
1.1m-1.2m 12 25 4 0.3 2.9
1.2m-1.3m 11 13 5 0.2 5.1
1.3m-1.4m 5 17 2 0.6 1.8
1.4m-1.5m 7 9 1 0.2 4.7
1.5m-1.6m 5 13 3 0.4 2.3
1.6m-1.7m 3 8 1 0.4 2.3
1.7m-1.8m 2 6 0.5 2
1.8m-1.9m 5 3 2 0.1 10
1.9m-2m 4 5 2 0.2 4.8
2m-2.25m 4 5 2 0.2 4.8
2.25m-2.5m 5 6 2 0.2 5
2.5m-2.75m 6 2 0.1 18
2.75m-3m 2 1 1 0.1 12
3m-3.5m 3 1 0.1 18
3.5m-4m 2 1 0.1 12
4.5m-5m 1 0
7.01m-8m 1 0

Townhouses 36% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.2 0
151k-175k 1 0.2 0
176k-200k 5 1 0.8 0
201k-225k 3 9 2 0.5 2
226k-250k 3 16 4 0.9 1.1
251k-275k 5 18 3 0.6 1.7
276k-300k 5 16 3 0.5 1.9
301k-325k 3 11 2 0.6 1.6
326k-350k 2 20 4 1.7 0.6
351k-375k 7 7 1 0.2 6
376k-400k 5 13 5 0.4 2.3
401k-425k 11 21 4 0.3 3.1
426k-450k 16 30 4 0.3 3.2
451k-475k 7 15 3 0.4 2.8
476k-500k 2 10 2 0.8 1.2
501k-550k 3 7 0.4 2.6
551k-600k 5 7 0.2 4.3
601k-650k 4 0.7 0
651k-700k 1 0.2 0
751k-800k 1 2 0.3 3
801k-850k 1 0
851k-900k 1 0
901k-950k 1 1 0.2 6
951k-1m 2 0.3 0

Condos 32% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
151k-175k 1 9 5 1.5 0.7
176k-200k 1 13 2 2.2 0.5
201k-225k 10 18 4 0.3 3.3
226k-250k 12 26 4 0.4 2.8
251k-275k 7 19 3 0.5 2.2
276k-300k 5 27 4 0.9 1.1
301k-325k 3 6 0.3 3
326k-350k 4 11 3 0.5 2.2
351k-375k 2 7 0.6 1.7
376k-400k 1 6 1 1
401k-425k 2 0.3 0
426k-450k 3 7 0.4 2.6
451k-475k 2 2 0.2 6
476k-500k 1 3 0.5 2
501k-550k 2 1 0.3 0
551k-600k 1 0
851k-900k 2 0.3 0

Land 10% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 0.3 3
26k-50k 1 1 0.2 6
51k-75k 3 0
76k-100k 3 4 0.2 4.5
101k-125k 2 3 0.3 4
126k-150k 2 0.3 0
151k-175k 2 1 0.1 12
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 7 5 1 0.1 8.4
251k-275k 4 1 0 24
276k-300k 3 2 0.1 9
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 1 1 0.2 6
376k-400k 1 0
426k-450k 1 0
501k-550k 1 0
651k-700k 2 0
751k-800k 3 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 6
1.5m-1.6m 1 0
1.7m-1.8m 1 0.2 0
3.5m-4m 2 0
4m-4.5m 1 0