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 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
76k-100k 1 0.2 0
101k-125k 2 2 0.2 6
126k-150k 4 16 4 0.7 1.5
151k-175k 6 31 7 0.9 1.2
176k-200k 30 55 11 0.3 3.3
201k-225k 35 46 5 0.2 4.6
226k-250k 59 52 8 0.1 6.8
251k-275k 42 48 5 0.2 5.3
276k-300k 59 43 7 0.1 8.2
301k-325k 50 54 5 0.2 5.6
326k-350k 38 65 7 0.3 3.5
351k-375k 16 32 4 0.3 3
376k-400k 32 36 7 0.2 5.3
401k-425k 13 20 4 0.3 3.9
426k-450k 11 27 3 0.4 2.4
451k-475k 11 12 1 0.2 5.5
476k-500k 12 20 2 0.3 3.6
501k-550k 14 32 1 0.4 2.6
551k-600k 10 21 4 0.4 2.9
601k-650k 8 24 3 0.5 2
651k-700k 14 23 4 0.3 3.7
701k-750k 3 7 1 0.4 2.6
751k-800k 4 10 0.4 2.4
801k-850k 5 4 0.1 7.5
851k-900k 2 9 1 0.8 1.3
901k-950k 4 0.7 0
951k-1m 2 7 0.6 1.7
1m-1.1m 1 6 1 1
1.1m-1.2m 1 3 0.5 2
1.2m-1.3m 1 3 0.5 2
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 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 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 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 2 0.3 3
126k-150k 2 2 0.2 6
151k-175k 2 0.3 0
176k-200k 8 9 1 0.2 5.3
201k-225k 13 9 0.1 8.7
226k-250k 12 7 0.1 10.3
251k-275k 12 4 0.1 18
276k-300k 12 23 4 0.3 3.1
301k-325k 4 2 0.1 12
326k-350k 6 0
351k-375k 3 0.5 0
376k-400k 1 3 1 0.5 2
401k-425k 2 4 1 0.3 3
426k-450k 2 0.3 0
451k-475k 1 0.2 0
476k-500k 2 4 2 0.3 3
501k-550k 2 9 0.8 1.3
551k-600k 1 3 0.5 2
601k-650k 2 10 2 0.8 1.2
651k-700k 3 7 1 0.4 2.6
701k-750k 6 2 1 0
751k-800k 3 4 0.2 4.5
801k-850k 2 0.3 0
851k-900k 2 0
901k-950k 2 0
951k-1m 2 0

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
26k-50k 1 0
51k-75k 3 0.5 0
76k-100k 1 4 0.7 1.5
101k-125k 2 7 0.6 1.7
126k-150k 7 9 0.2 4.7
151k-175k 4 1 0 24
176k-200k 7 5 1 0.1 8.4
201k-225k 14 10 2 0.1 8.4
226k-250k 3 14 3 0.8 1.3
251k-275k 2 9 1 0.8 1.3
276k-300k 7 4 0.1 10.5
301k-325k 2 2 0.2 6
326k-350k 1 2 0.3 3
351k-375k 2 6 0.5 2
376k-400k 1 0.2 0
401k-425k 1 1 0.2 0
426k-450k 4 2 0.1 12
451k-475k 3 5 1 0.3 3.6
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 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 6 0
26k-50k 4 7 0.3 3.4
51k-75k 8 3 0.1 16
76k-100k 5 0
101k-125k 1 0.2 0
126k-150k 1 1 0.2 6
176k-200k 2 0
201k-225k 1 0
226k-250k 1 0.2 0
251k-275k 1 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 3 0
601k-650k 1 2 0.3 3
651k-700k 1 0
751k-800k 1 0
1.1m-1.2m 1 0