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 27% 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 1 2 0.3 3
226k-250k 1 2 0.3 3
251k-275k 3 5 1 0.3 3.6
276k-300k 1 9 1 1.5 0.7
301k-325k 5 12 0.4 2.5
326k-350k 10 18 3 0.3 3.3
351k-375k 6 20 1 0.6 1.8
376k-400k 10 30 2 0.5 2
401k-425k 6 30 2 0.8 1.2
426k-450k 20 39 4 0.3 3.1
451k-475k 10 41 7 0.7 1.5
476k-500k 11 51 10 0.8 1.3
501k-550k 47 104 13 0.4 2.7
551k-600k 48 101 18 0.4 2.9
601k-650k 47 89 16 0.3 3.2
651k-700k 54 98 11 0.3 3.3
701k-750k 55 84 10 0.3 3.9
751k-800k 53 56 9 0.2 5.7
801k-850k 24 42 3 0.3 3.4
851k-900k 28 43 5 0.3 3.9
901k-950k 17 21 1 0.2 4.9
951k-1m 18 18 3 0.2 6
1m-1.1m 15 24 2 0.3 3.8
1.1m-1.2m 16 20 3 0.2 4.8
1.2m-1.3m 8 11 2 0.2 4.4
1.3m-1.4m 8 4 0.1 12
1.4m-1.5m 8 9 3 0.2 5.3
1.5m-1.6m 5 8 1 0.3 3.8
1.6m-1.7m 5 6 0.2 5
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 3 2 0.1 9
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 38% 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 2 0.3 0
301k-325k 4 0.7 0
326k-350k 3 2 0.5 0
351k-375k 4 0.7 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 7 1 1.2 0
476k-500k 5 11 1 0.4 2.7
501k-550k 6 14 0.4 2.6
551k-600k 10 11 4 0.2 5.5
601k-650k 1 6 3 1 1
651k-700k 1 1 0.2 6
701k-750k 2 0
751k-800k 1 0.2 0
801k-850k 1 0.2 0

Condos 14% 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 1 0.2 6
326k-350k 1 2 0.3 3
376k-400k 2 4 0.3 3
401k-425k 4 1 0 24
426k-450k 2 1 0.1 12
451k-475k 6 9 1 0.3 4
476k-500k 6 1 0 36
501k-550k 10 8 0.1 7.5
551k-600k 7 8 2 0.2 5.3
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 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 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 4 2 0.7 1.5
176k-200k 8 1 0 48
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 3 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