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 25% 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 2 0
76k-100k 2 1 0.3 0
101k-125k 2 1 0.3 0
126k-150k 4 9 2 0.4 2.7
151k-175k 7 22 5 0.5 1.9
176k-200k 29 55 16 0.3 3.2
201k-225k 33 47 12 0.2 4.2
226k-250k 41 55 12 0.2 4.5
251k-275k 41 45 11 0.2 5.5
276k-300k 54 56 9 0.2 5.8
301k-325k 56 60 9 0.2 5.6
326k-350k 58 63 9 0.2 5.5
351k-375k 26 27 4 0.2 5.8
376k-400k 30 34 9 0.2 5.3
401k-425k 11 20 9 0.3 3.3
426k-450k 19 28 2 0.2 4.1
451k-475k 12 16 1 0.2 4.5
476k-500k 19 23 2 0.2 5
501k-550k 13 33 9 0.4 2.4
551k-600k 12 21 2 0.3 3.4
601k-650k 9 28 4 0.5 1.9
651k-700k 14 27 1 0.3 3.1
701k-750k 8 12 0.3 4
751k-800k 5 18 3 0.6 1.7
801k-850k 6 9 1 0.3 4
851k-900k 1 9 2 1.5 0.7
901k-950k 1 7 1.2 0.9
951k-1m 2 9 0.8 1.3
1m-1.1m 1 9 2 1.5 0.7
1.1m-1.2m 2 6 0.5 2
1.2m-1.3m 3 3 1 0.2 6
1.3m-1.4m 1 5 1 0.8 1.2
1.4m-1.5m 3 3 0.2 6
1.5m-1.6m 3 0.5 0
1.6m-1.7m 1 7 2 1.2 0.9
1.7m-1.8m 3 2 1 0.1 9
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0.2 0
2.75m-3m 1 0.2 0
3.5m-4m 1 0

Townhouses 19% 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 1 0.2 0
51k-75k 1 0
101k-125k 2 2 1 0.2 6
126k-150k 1 1 0.2 6
151k-175k 6 2 1 0.1 18
176k-200k 12 9 1 0.1 8
201k-225k 13 9 1 0.1 8.7
226k-250k 11 9 1 0.1 7.3
251k-275k 11 9 0.1 7.3
276k-300k 16 24 4 0.3 4
301k-325k 3 3 0.2 6
326k-350k 6 1 0 36
351k-375k 1 4 0.7 1.5
376k-400k 4 2 0.1 12
401k-425k 4 5 0.2 4.8
426k-450k 1 6 1 1
451k-475k 3 1 0.5 0
476k-500k 5 3 0.1 10
501k-550k 6 11 2 0.3 3.3
551k-600k 3 3 1 0.2 6
601k-650k 3 13 2 0.7 1.4
651k-700k 6 9 3 0.3 4
701k-750k 3 0.5 0
751k-800k 1 4 0.7 1.5
801k-850k 1 3 1 0.5 2
851k-900k 1 1 0.2 6
901k-950k 1 0
951k-1m 2 1 0.1 12
1.1m-1.2m 1 0.2 0

Condos 21% 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 0.2 0
51k-75k 1 2 1 0.3 3
76k-100k 1 4 0.7 1.5
101k-125k 3 9 2 0.5 2
126k-150k 10 7 2 0.1 8.6
151k-175k 4 4 1 0.2 6
176k-200k 3 6 1 0.3 3
201k-225k 17 7 1 0.1 14.6
226k-250k 13 13 4 0.2 6
251k-275k 2 9 1 0.8 1.3
276k-300k 7 10 1 0.2 4.2
301k-325k 1 3 0.5 2
326k-350k 2 2 0.2 6
351k-375k 2 6 0.5 2
376k-400k 1 0.2 0
401k-425k 1 0
426k-450k 2 2 0.2 6
451k-475k 4 5 0.2 4.8
476k-500k 3 1 1 0.1 18
501k-550k 4 2 0.1 12
551k-600k 2 1 0.3 0
601k-650k 1 0
651k-700k 1 0.2 0
951k-1m 1 0.2 0

Land 13% 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 1 0 24
26k-50k 6 5 1 0.1 7.2
51k-75k 8 3 0.1 16
76k-100k 4 0
101k-125k 2 1 0.1 12
126k-150k 1 1 0.2 0
176k-200k 1 0
201k-225k 1 0
226k-250k 2 2 0.2 6
251k-275k 2 0
276k-300k 3 0
326k-350k 1 0
351k-375k 1 0
401k-425k 1 0.2 0
476k-500k 1 1 0.2 0
551k-600k 4 0
601k-650k 2 0.3 0
651k-700k 2 0
751k-800k 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
2.25m-2.5m 1 0