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 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 0
76k-100k 1 0.2 0
101k-125k 2 0.3 0
126k-150k 5 14 4 0.5 2.1
151k-175k 8 25 4 0.5 1.9
176k-200k 28 55 13 0.3 3.1
201k-225k 38 46 7 0.2 5
226k-250k 53 57 9 0.2 5.6
251k-275k 42 49 10 0.2 5.1
276k-300k 62 46 7 0.1 8.1
301k-325k 50 58 7 0.2 5.2
326k-350k 41 63 8 0.3 3.9
351k-375k 21 33 7 0.3 3.8
376k-400k 37 33 6 0.1 6.7
401k-425k 13 19 2 0.2 4.1
426k-450k 18 26 3 0.2 4.2
451k-475k 11 14 1 0.2 4.7
476k-500k 13 20 5 0.3 3.9
501k-550k 12 35 4 0.5 2.1
551k-600k 11 22 3 0.3 3
601k-650k 6 28 3 0.8 1.3
651k-700k 10 26 6 0.4 2.3
701k-750k 6 10 1 0.3 3.6
751k-800k 4 12 2 0.5 2
801k-850k 6 5 0.1 7.2
851k-900k 2 10 1 0.8 1.2
901k-950k 6 1 0
951k-1m 2 7 0.6 1.7
1m-1.1m 7 1.2 0
1.1m-1.2m 2 3 0.3 4
1.2m-1.3m 1 4 0.7 1.5
1.3m-1.4m 6 1 0
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 3 5 1 0.3 3.6
1.7m-1.8m 2 3 0.3 4
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0.2 0
2m-2.25m 1 0
2.75m-3m 1 0.2 0
3.5m-4m 1 0

Townhouses 20% 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 0.2 0
51k-75k 1 0
76k-100k 1 0.2 0
101k-125k 1 2 1 0.3 3
126k-150k 2 3 0.3 4
151k-175k 1 2 0.3 3
176k-200k 9 8 1 0.1 6.8
201k-225k 13 10 1 0.1 7.8
226k-250k 13 6 1 0.1 13
251k-275k 13 7 1 0.1 11.1
276k-300k 14 22 1 0.3 3.8
301k-325k 4 2 0.1 12
326k-350k 6 0
351k-375k 1 4 0.7 1.5
376k-400k 2 3 2 0.3 4
401k-425k 3 5 1 0.3 3.6
426k-450k 1 2 0.3 3
451k-475k 1 0.2 0
476k-500k 2 3 1 0.3 4
501k-550k 7 10 0.2 4.2
551k-600k 1 3 1 0.5 2
601k-650k 5 8 0.3 3.8
651k-700k 2 9 3 0.8 1.3
701k-750k 1 5 1 0.8 1.2
751k-800k 1 4 0.7 1.5
801k-850k 2 0.3 0
851k-900k 2 0
901k-950k 2 0
951k-1m 2 1 0.1 12

Condos 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 0.2 0
51k-75k 1 3 1 0.5 2
76k-100k 2 4 0.3 3
101k-125k 3 7 0.4 2.6
126k-150k 8 10 2 0.2 4.8
151k-175k 5 1 0 30
176k-200k 8 5 1 0.1 9.6
201k-225k 14 8 1 0.1 10.5
226k-250k 6 14 2 0.4 2.6
251k-275k 3 9 1 0.5 2
276k-300k 8 5 0.1 9.6
301k-325k 2 2 0.2 6
326k-350k 1 2 1 0.3 3
351k-375k 2 7 0.6 1.7
376k-400k 1 0.2 0
401k-425k 1 0
426k-450k 4 2 0.1 12
451k-475k 3 4 0.2 4.5
476k-500k 3 1 0.1 18
501k-550k 3 1 0.1 18
551k-600k 2 0.3 0
601k-650k 1 0
651k-700k 1 0.2 0
701k-750k 1 0
951k-1m 1 0.2 0

Land 12% 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 6 0
26k-50k 3 7 0.4 2.6
51k-75k 10 3 0.1 20
76k-100k 5 0
101k-125k 1 1 0.2 6
126k-150k 1 0.2 0
176k-200k 1 0
201k-225k 1 0
226k-250k 2 1 0.1 12
251k-275k 2 0
276k-300k 3 0
301k-325k 2 0
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
401k-425k 1 0.2 0
426k-450k 1 0
476k-500k 1 0
551k-600k 4 0
601k-650k 1 2 0.3 3
651k-700k 1 0
751k-800k 1 0
1.1m-1.2m 1 0
2.25m-2.5m 1 0