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
1k-25k 2 0
76k-100k 1 0.2 0
101k-125k 1 2 0.3 3
126k-150k 5 11 3 0.4 2.7
151k-175k 6 24 8 0.7 1.5
176k-200k 29 56 15 0.3 3.1
201k-225k 33 48 10 0.2 4.1
226k-250k 41 59 15 0.2 4.2
251k-275k 39 42 9 0.2 5.6
276k-300k 54 55 10 0.2 5.9
301k-325k 53 61 10 0.2 5.2
326k-350k 49 65 8 0.2 4.5
351k-375k 25 29 5 0.2 5.2
376k-400k 31 33 6 0.2 5.6
401k-425k 11 19 6 0.3 3.5
426k-450k 19 29 5 0.3 3.9
451k-475k 11 16 2 0.2 4.1
476k-500k 17 22 2 0.2 4.6
501k-550k 14 32 7 0.4 2.6
551k-600k 11 23 5 0.3 2.9
601k-650k 9 28 3 0.5 1.9
651k-700k 14 23 1 0.3 3.7
701k-750k 6 12 0.3 3
751k-800k 6 16 0.4 2.3
801k-850k 7 7 1 0.2 6
851k-900k 1 11 2 1.8 0.5
901k-950k 8 1 1.3 0
951k-1m 2 7 0.6 1.7
1m-1.1m 1 8 2 1.3 0.8
1.1m-1.2m 2 5 0.4 2.4
1.2m-1.3m 1 4 2 0.7 1.5
1.3m-1.4m 1 6 2 1 1
1.4m-1.5m 3 3 0.2 6
1.5m-1.6m 1 3 0.5 2
1.6m-1.7m 1 5 1 0.8 1.2
1.7m-1.8m 3 3 1 0.2 6
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 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 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 7 2 1 0 21
176k-200k 10 8 1 0.1 7.5
201k-225k 12 11 2 0.2 6.5
226k-250k 14 7 0.1 12
251k-275k 10 10 2 0.2 6
276k-300k 15 24 3 0.3 3.8
301k-325k 3 3 0.2 6
326k-350k 6 1 0 36
351k-375k 1 4 0.7 1.5
376k-400k 3 3 1 0.2 6
401k-425k 4 5 0.2 4.8
426k-450k 1 6 1 1
451k-475k 3 1 0.5 0
476k-500k 4 4 1 0.2 6
501k-550k 6 11 0.3 3.3
551k-600k 2 3 1 0.3 4
601k-650k 3 13 0.7 1.4
651k-700k 6 9 3 0.3 4
701k-750k 1 4 0.7 1.5
751k-800k 2 4 0.3 3
801k-850k 3 1 0.5 0
851k-900k 2 0
901k-950k 2 0
951k-1m 2 1 0.1 12
1.1m-1.2m 1 0.2 0

Condos 22% 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 2 2 1 0.2 6
76k-100k 2 5 0.4 2.4
101k-125k 2 8 2 0.7 1.5
126k-150k 9 9 3 0.2 6
151k-175k 4 2 0.1 12
176k-200k 4 5 1 0.2 4.8
201k-225k 16 7 1 0.1 13.7
226k-250k 12 15 6 0.2 4.8
251k-275k 2 9 0.8 1.3
276k-300k 7 8 1 0.2 5.3
301k-325k 1 3 0.5 2
326k-350k 1 3 1 0.5 2
351k-375k 1 7 1 1.2 0.9
376k-400k 1 0.2 0
401k-425k 1 0
426k-450k 3 2 0.1 9
451k-475k 4 5 0.2 4.8
476k-500k 3 1 0.1 18
501k-550k 3 2 1 0.1 9
551k-600k 2 1 0.3 0
601k-650k 2 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 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 4 0
26k-50k 5 6 2 0.2 5
51k-75k 8 3 0.1 16
76k-100k 5 0
101k-125k 3 1 0.1 18
126k-150k 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
301k-325k 2 0
326k-350k 1 0
351k-375k 1 0
401k-425k 1 0.2 0
476k-500k 1 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