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 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 2 0.3 0
151k-175k 2 0.3 0
176k-200k 2 0.3 0
201k-225k 1 2 0.3 3
226k-250k 1 2 0.3 3
251k-275k 4 4 0.2 6
276k-300k 1 9 1 1.5 0.7
301k-325k 3 12 0.7 1.5
326k-350k 8 19 4 0.4 2.5
351k-375k 7 20 2 0.5 2.1
376k-400k 11 30 5 0.5 2.2
401k-425k 5 30 3 1 1
426k-450k 18 40 5 0.4 2.7
451k-475k 9 41 7 0.8 1.3
476k-500k 15 52 9 0.6 1.7
501k-550k 48 109 14 0.4 2.6
551k-600k 50 99 15 0.3 3
601k-650k 49 90 19 0.3 3.3
651k-700k 53 98 12 0.3 3.2
701k-750k 53 86 10 0.3 3.7
751k-800k 53 57 8 0.2 5.6
801k-850k 23 43 4 0.3 3.2
851k-900k 27 43 10 0.3 3.8
901k-950k 17 22 1 0.2 4.6
951k-1m 18 20 4 0.2 5.4
1m-1.1m 17 26 2 0.3 3.9
1.1m-1.2m 16 20 3 0.2 4.8
1.2m-1.3m 7 11 3 0.3 3.8
1.3m-1.4m 8 4 0.1 12
1.4m-1.5m 9 9 3 0.2 6
1.5m-1.6m 7 8 0.2 5.3
1.6m-1.7m 4 7 1 0.3 3.4
1.7m-1.8m 4 6 1 0.3 4
1.8m-1.9m 1 1 0.2 6
1.9m-2m 2 4 0.3 3
2m-2.25m 6 1 1 0
2.25m-2.5m 2 2 0.2 6
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 3 2 0.1 9
3.5m-4m 3 0.5 0
4m-4.5m 1 0
6.01m-7m 1 0
7.01m-8m 1 0

Townhouses 35% 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
276k-300k 2 0.3 0
301k-325k 5 0.8 0
326k-350k 3 2 0.5 0
351k-375k 3 0.5 0
376k-400k 3 14 2 0.8 1.3
401k-425k 5 4 0.1 7.5
426k-450k 2 7 2 0.6 1.7
451k-475k 1 6 1 1
476k-500k 5 11 2 0.4 2.7
501k-550k 6 17 2 0.5 2.1
551k-600k 10 10 2 0.2 6
601k-650k 2 7 3 0.6 1.7
651k-700k 1 0.2 0
701k-750k 2 0
751k-800k 1 0.2 0
801k-850k 1 0.2 0

Condos 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
301k-325k 2 0
326k-350k 1 3 0.5 2
351k-375k 1 0.2 0
376k-400k 4 0.7 0
401k-425k 4 1 0 24
426k-450k 3 1 0.1 18
451k-475k 6 9 0.3 4
476k-500k 7 1 0 42
501k-550k 10 8 0.1 7.5
551k-600k 8 6 0.1 8
601k-650k 3 1 0.1 18
701k-750k 1 1 0.2 0
751k-800k 1 1 0.2 6

Land 17% 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 3 3 0.2 6
51k-75k 6 1 0 36
76k-100k 1 0
101k-125k 3 0.5 0
126k-150k 4 2 1 0.1 12
151k-175k 1 5 2 0.8 1.2
176k-200k 7 1 0 42
201k-225k 3 1 0.1 18
226k-250k 2 0
276k-300k 4 2 0.1 12
301k-325k 2 1 0.3 0
326k-350k 1 1 1 0.2 6
351k-375k 2 0
376k-400k 4 0
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0
476k-500k 2 0
501k-550k 3 1 0.1 18
551k-600k 1 2 0.3 3
651k-700k 2 3 1 0.3 4
701k-750k 4 0
751k-800k 1 2 1 0.3 3
851k-900k 2 0
901k-950k 1 0
951k-1m 4 0
1m-1.1m 1 0
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.9m-2m 1 1 1 0.2 6
2m-2.25m 1 2 0.3 3
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 1 0
5.01m-6m 1 0
7.01m-8m 1 0.2 0