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 26% 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 7 27 6 0.6 1.6
176k-200k 26 57 14 0.4 2.7
201k-225k 38 47 8 0.2 4.9
226k-250k 52 57 9 0.2 5.5
251k-275k 42 49 9 0.2 5.1
276k-300k 61 44 6 0.1 8.3
301k-325k 50 57 7 0.2 5.3
326k-350k 42 62 8 0.2 4.1
351k-375k 20 33 7 0.3 3.6
376k-400k 40 33 6 0.1 7.3
401k-425k 13 19 3 0.2 4.1
426k-450k 16 27 4 0.3 3.6
451k-475k 10 15 2 0.3 4
476k-500k 12 20 5 0.3 3.6
501k-550k 12 33 4 0.5 2.2
551k-600k 10 22 4 0.4 2.7
601k-650k 6 27 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 11 2 0.5 2.2
801k-850k 6 4 0.1 9
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 1 7 1.2 0.9
1.1m-1.2m 1 3 0.5 2
1.2m-1.3m 1 4 0.7 1.5
1.3m-1.4m 1 6 1 1
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 1 1 0.2 6
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 2 0.2 6
151k-175k 1 2 0.3 3
176k-200k 9 8 1 0.1 6.8
201k-225k 14 10 1 0.1 8.4
226k-250k 12 6 1 0.1 12
251k-275k 13 7 1 0.1 11.1
276k-300k 16 22 1 0.2 4.4
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 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
1k-25k 1 0.2 0
51k-75k 1 3 1 0.5 2
76k-100k 1 4 0.7 1.5
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 13 9 2 0.1 8.7
226k-250k 5 15 3 0.5 2
251k-275k 3 9 1 0.5 2
276k-300k 9 5 0.1 10.8
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

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