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 23% 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
126k-150k 2 0.3 0
151k-175k 2 0.3 0
176k-200k 2 0.3 0
201k-225k 2 2 0.2 6
226k-250k 2 0.3 0
251k-275k 3 4 0.2 4.5
276k-300k 2 7 0.6 1.7
301k-325k 3 10 2 0.6 1.8
326k-350k 9 16 2 0.3 3.4
351k-375k 4 19 0.8 1.3
376k-400k 10 31 5 0.5 1.9
401k-425k 7 30 6 0.7 1.4
426k-450k 13 35 8 0.4 2.2
451k-475k 11 40 3 0.6 1.7
476k-500k 13 42 6 0.5 1.9
501k-550k 39 98 6 0.4 2.4
551k-600k 53 90 12 0.3 3.5
601k-650k 50 83 8 0.3 3.6
651k-700k 52 95 17 0.3 3.3
701k-750k 54 74 6 0.2 4.4
751k-800k 45 52 11 0.2 5.2
801k-850k 27 43 5 0.3 3.8
851k-900k 26 39 5 0.3 4
901k-950k 12 19 2 0.3 3.8
951k-1m 15 16 2 0.2 5.6
1m-1.1m 18 25 2 0.2 4.3
1.1m-1.2m 15 18 2 0.2 5
1.2m-1.3m 5 7 0.2 4.3
1.3m-1.4m 10 5 0.1 12
1.4m-1.5m 9 8 1 0.1 6.8
1.5m-1.6m 5 6 0.2 5
1.6m-1.7m 7 6 0.1 7
1.7m-1.8m 4 4 0.2 6
1.8m-1.9m 2 0.3 0
1.9m-2m 2 2 0.2 6
2m-2.25m 7 1.2 0
2.25m-2.5m 3 2 0.1 9
2.75m-3m 2 0
3m-3.5m 3 1 0.1 18
3.5m-4m 2 0.3 0
4m-4.5m 1 0
6.01m-7m 1 0
7.01m-8m 1 0

Townhouses 18% 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
276k-300k 1 0.2 0
301k-325k 1 5 1 0.8 1.2
326k-350k 3 0.5 0
351k-375k 1 4 0.7 1.5
376k-400k 4 14 2 0.6 1.7
401k-425k 4 2 0.1 12
426k-450k 3 7 0.4 2.6
451k-475k 1 6 1 1 1
476k-500k 5 7 0.2 4.3
501k-550k 6 13 1 0.4 2.8
551k-600k 11 10 2 0.2 6.6
601k-650k 1 4 0.7 1.5
651k-700k 1 1 0.2 6
701k-750k 2 0
751k-800k 1 0.2 0

Condos 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
301k-325k 2 1 0.1 12
326k-350k 1 2 0.3 3
376k-400k 1 3 1 0.5 2
401k-425k 2 0
426k-450k 2 2 1 0.2 6
451k-475k 8 7 1 0.1 6.9
476k-500k 8 1 0 48
501k-550k 9 7 1 0.1 7.7
551k-600k 7 10 4 0.2 4.2
601k-650k 2 0
701k-750k 1 0.2 0
751k-800k 1 1 0.2 6

Land 13% 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 2 0.3 3
26k-50k 2 1 0.1 12
51k-75k 6 1 0 36
76k-100k 1 0
101k-125k 2 0.3 0
126k-150k 5 3 0.1 10
151k-175k 2 3 1 0.3 4
176k-200k 7 0
201k-225k 3 1 0.1 18
226k-250k 2 0
251k-275k 1 1 0.2 6
276k-300k 3 2 0.1 9
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 2 0
376k-400k 4 0
401k-425k 2 0
451k-475k 1 0
476k-500k 1 1 0.2 6
501k-550k 3 1 0.1 18
551k-600k 1 1 0.2 6
601k-650k 1 0.2 0
651k-700k 2 2 0.2 6
701k-750k 4 0
751k-800k 1 1 0.2 6
851k-900k 2 0
901k-950k 1 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.9m-2m 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
4m-4.5m 1 0
5.01m-6m 1 0
7.01m-8m 1 0.2 0