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 24% 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 2 0.4 2.7
151k-175k 9 21 3 0.4 2.6
176k-200k 28 55 11 0.3 3.1
201k-225k 30 48 8 0.3 3.8
226k-250k 44 54 12 0.2 4.9
251k-275k 36 42 10 0.2 5.1
276k-300k 54 52 11 0.2 6.2
301k-325k 51 62 8 0.2 4.9
326k-350k 46 64 4 0.2 4.3
351k-375k 26 29 4 0.2 5.4
376k-400k 31 34 5 0.2 5.5
401k-425k 13 19 5 0.2 4.1
426k-450k 21 27 4 0.2 4.7
451k-475k 9 15 2 0.3 3.6
476k-500k 14 23 3 0.3 3.7
501k-550k 16 33 5 0.3 2.9
551k-600k 8 23 5 0.5 2.1
601k-650k 9 27 3 0.5 2
651k-700k 13 24 1 0.3 3.3
701k-750k 6 10 0.3 3.6
751k-800k 6 15 0.4 2.4
801k-850k 7 7 0.2 6
851k-900k 1 11 1 1.8 0.5
901k-950k 8 1 1.3 0
951k-1m 2 7 0.6 1.7
1m-1.1m 1 7 1 1.2 0.9
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 2 3 0.3 4
1.6m-1.7m 6 2 1 0
1.7m-1.8m 3 3 0.2 6
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 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 1 0.2 0
51k-75k 1 0
101k-125k 1 2 0.3 3
126k-150k 1 1 0.2 6
151k-175k 6 2 0.1 18
176k-200k 10 8 1 0.1 7.5
201k-225k 11 10 2 0.2 6.6
226k-250k 12 7 0.1 10.3
251k-275k 10 10 2 0.2 6
276k-300k 15 23 2 0.3 3.9
301k-325k 4 3 0.1 8
326k-350k 6 1 0 36
351k-375k 1 4 0.7 1.5
376k-400k 2 4 2 0.3 3
401k-425k 4 4 0.2 6
426k-450k 1 6 1 1
451k-475k 3 0.5 0
476k-500k 3 4 1 0.2 4.5
501k-550k 6 10 0.3 3.6
551k-600k 1 2 0.3 3
601k-650k 4 12 0.5 2
651k-700k 4 9 3 0.4 2.7
701k-750k 1 4 0.7 1.5
751k-800k 2 4 0.3 3
801k-850k 3 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 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 2 2 1 0.2 6
76k-100k 2 4 0.3 3
101k-125k 2 9 1 0.8 1.3
126k-150k 9 8 2 0.1 6.8
151k-175k 5 1 0 30
176k-200k 4 5 1 0.2 4.8
201k-225k 16 6 0.1 16
226k-250k 11 15 5 0.2 4.4
251k-275k 2 9 0.8 1.3
276k-300k 7 8 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 0.3 0
601k-650k 2 0
651k-700k 1 0.2 0
951k-1m 1 0.2 0

Land 15% 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 5 0
26k-50k 3 7 3 0.4 2.6
51k-75k 10 3 0.1 20
76k-100k 3 0
101k-125k 2 1 0.1 12
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