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 2 0
76k-100k 2 1 0.3 0
101k-125k 1 1 0.2 6
126k-150k 5 9 2 0.3 3.3
151k-175k 6 24 7 0.7 1.5
176k-200k 30 57 15 0.3 3.2
201k-225k 35 47 9 0.2 4.5
226k-250k 40 56 15 0.2 4.3
251k-275k 40 42 8 0.2 5.7
276k-300k 58 55 8 0.2 6.3
301k-325k 53 60 9 0.2 5.3
326k-350k 55 64 6 0.2 5.2
351k-375k 27 27 3 0.2 6
376k-400k 31 33 7 0.2 5.6
401k-425k 13 19 6 0.2 4.1
426k-450k 16 29 5 0.3 3.3
451k-475k 11 17 2 0.3 3.9
476k-500k 18 22 1 0.2 4.9
501k-550k 12 34 9 0.5 2.1
551k-600k 15 21 2 0.2 4.3
601k-650k 8 28 4 0.6 1.7
651k-700k 14 25 1 0.3 3.4
701k-750k 7 12 0.3 3.5
751k-800k 6 18 3 0.5 2
801k-850k 6 8 1 0.2 4.5
851k-900k 1 9 2 1.5 0.7
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 6 0.5 2
1.2m-1.3m 1 5 3 0.8 1.2
1.3m-1.4m 1 5 1 0.8 1.2
1.4m-1.5m 3 3 0.2 6
1.5m-1.6m 1 3 0.5 2
1.6m-1.7m 1 7 1 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 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 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 11 11 2 0.2 6
226k-250k 11 8 0.1 8.3
251k-275k 12 9 0.1 8
276k-300k 15 24 4 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 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 0.3 3.3
551k-600k 3 3 1 0.2 6
601k-650k 3 13 0.7 1.4
651k-700k 6 9 3 0.3 4
701k-750k 4 0.7 0
751k-800k 2 4 0.3 3
801k-850k 3 1 0.5 0
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 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 2 0.5 2
76k-100k 2 5 0.4 2.4
101k-125k 2 8 2 0.7 1.5
126k-150k 11 7 2 0.1 9.4
151k-175k 5 3 0.1 10
176k-200k 3 5 1 0.3 3.6
201k-225k 17 7 1 0.1 14.6
226k-250k 13 15 5 0.2 5.2
251k-275k 2 9 1 0.8 1.3
276k-300k 7 9 1 0.2 4.7
301k-325k 1 3 0.5 2
326k-350k 2 2 0.2 6
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 1 0.1 18
501k-550k 4 1 0 24
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 4 0
101k-125k 3 1 0.1 18
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
301k-325k 2 0
326k-350k 1 0
351k-375k 1 0
401k-425k 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