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 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
51k-75k 1 0.2 0
126k-150k 1 5 2 0.8 1.2
151k-175k 3 0.5 0
176k-200k 1 3 0.5 2
201k-225k 7 1.2 0
226k-250k 6 17 2 0.5 2.1
251k-275k 4 20 1 0.8 1.2
276k-300k 13 20 2 0.3 3.9
301k-325k 17 38 3 0.4 2.7
326k-350k 18 34 4 0.3 3.2
351k-375k 22 47 5 0.4 2.8
376k-400k 33 66 6 0.3 3
401k-425k 11 38 2 0.6 1.7
426k-450k 18 16 0.1 6.8
451k-475k 12 18 5 0.3 4
476k-500k 15 32 3 0.4 2.8
501k-550k 24 43 8 0.3 3.3
551k-600k 27 37 5 0.2 4.4
601k-650k 25 19 1 0.1 7.9
651k-700k 16 21 0.2 4.6
701k-750k 16 12 2 0.1 8
751k-800k 9 11 0.2 4.9
801k-850k 8 7 1 0.1 6.9
851k-900k 5 9 0.3 3.3
901k-950k 9 2 0 27
951k-1m 6 5 0.1 7.2
1m-1.1m 4 6 0.3 4
1.1m-1.2m 12 8 1 0.1 9
1.2m-1.3m 11 3 0 22
1.3m-1.4m 5 2 0.1 15
1.4m-1.5m 2 5 1 0.4 2.4
1.5m-1.6m 1 4 0.7 1.5
1.6m-1.7m 8 1 0 48
1.7m-1.8m 3 0
1.8m-1.9m 1 2 1 0.3 3
1.9m-2m 3 0
2m-2.25m 4 1 1 0 24
2.25m-2.5m 4 1 0 24
2.5m-2.75m 2 2 0.2 6
2.75m-3m 1 1 1 0.2 6
3m-3.5m 4 1 0 24
3.5m-4m 1 0
4m-4.5m 1 0
5.01m-6m 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
201k-225k 2 0.3 0
226k-250k 1 0.2 0
251k-275k 1 3 1 0.5 2
276k-300k 6 1 0
301k-325k 7 5 1 0.1 8.4
326k-350k 6 10 1 0.3 3.6
351k-375k 5 1 1 0 30
376k-400k 14 2 0 42
401k-425k 2 0
451k-475k 1 0.2 0
476k-500k 2 0
501k-550k 2 1 0.1 12

Condos 8% 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
176k-200k 1 0.2 0
201k-225k 3 0
226k-250k 5 1 0 30
276k-300k 1 2 0.3 3
301k-325k 2 0.3 0
326k-350k 1 0
801k-850k 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 3 4 0.2 4.5
26k-50k 5 4 1 0.1 7.5
51k-75k 8 6 1 0.1 8
76k-100k 11 2 1 0 33
101k-125k 12 4 0.1 18
126k-150k 9 6 1 0.1 9
151k-175k 8 2 0 24
176k-200k 7 5 1 0.1 8.4
201k-225k 10 0
226k-250k 3 2 2 0.1 9
251k-275k 2 0.3 0
276k-300k 4 1 0 24
301k-325k 1 1 0.2 6
326k-350k 1 1 0.2 6
351k-375k 3 1 0.1 18
376k-400k 6 4 0.1 9
401k-425k 2 0.3 0
426k-450k 1 0
451k-475k 1 0
476k-500k 1 1 0.2 6
501k-550k 4 0
551k-600k 1 2 0.3 3
601k-650k 2 2 0.2 6
651k-700k 3 0
751k-800k 1 0.2 0
851k-900k 1 2 0.3 3
901k-950k 3 1 0.1 18
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.3m-1.4m 3 0
1.4m-1.5m 2 0
2.25m-2.5m 1 0
3m-3.5m 1 0
5.01m-6m 1 0
6.01m-7m 2 0