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 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 0
51k-75k 2 1 0.3 0
101k-125k 1 0.2 0
126k-150k 1 5 2 0.8 1.2
151k-175k 3 0.5 0
176k-200k 3 0.5 0
201k-225k 8 1.3 0
226k-250k 3 22 4 1.2 0.8
251k-275k 8 20 3 0.4 2.4
276k-300k 10 22 1 0.4 2.7
301k-325k 13 39 4 0.5 2
326k-350k 22 36 3 0.3 3.7
351k-375k 15 49 6 0.5 1.8
376k-400k 32 72 10 0.4 2.7
401k-425k 12 34 4 0.5 2.1
426k-450k 20 22 1 0.2 5.5
451k-475k 10 16 1 0.3 3.8
476k-500k 17 33 4 0.3 3.1
501k-550k 33 41 3 0.2 4.8
551k-600k 32 35 7 0.2 5.5
601k-650k 30 25 2 0.1 7.2
651k-700k 16 22 4 0.2 4.4
701k-750k 14 13 2 0.2 6.5
751k-800k 8 13 2 0.3 3.7
801k-850k 10 6 0.1 10
851k-900k 9 10 0.2 5.4
901k-950k 9 4 0.1 13.5
951k-1m 6 5 0.1 7.2
1m-1.1m 6 6 1 0.2 6
1.1m-1.2m 11 9 0.1 7.3
1.2m-1.3m 8 3 0.1 16
1.3m-1.4m 4 3 0.1 8
1.4m-1.5m 4 6 1 0.3 4
1.5m-1.6m 1 4 0.7 1.5
1.6m-1.7m 6 2 0.1 18
1.7m-1.8m 3 0
1.8m-1.9m 2 1 0.1 12
1.9m-2m 2 0
2m-2.25m 7 0
2.25m-2.5m 3 2 0.1 9
2.5m-2.75m 3 2 0.1 9
2.75m-3m 2 0
3m-3.5m 4 1 0 24
3.5m-4m 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 1 0.2 0
251k-275k 2 2 0.2 6
276k-300k 9 1.5 0
301k-325k 6 5 0.1 7.2
326k-350k 7 9 2 0.2 4.7
351k-375k 5 1 1 0 30
376k-400k 10 2 0 30
401k-425k 1 0
451k-475k 1 0.2 0
476k-500k 2 0
501k-550k 2 1 1 0.1 12

Condos 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
176k-200k 1 0.2 0
201k-225k 2 1 1 0.1 12
226k-250k 5 2 0.1 15
276k-300k 1 3 2 0.5 2
301k-325k 2 0.3 0
326k-350k 1 0
801k-850k 1 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 3 4 0.2 4.5
26k-50k 4 9 3 0.4 2.7
51k-75k 8 7 1 0.1 6.9
76k-100k 12 3 0 24
101k-125k 11 5 1 0.1 13.2
126k-150k 9 6 2 0.1 9
151k-175k 8 4 0.1 12
176k-200k 9 4 0.1 13.5
201k-225k 9 0
226k-250k 5 0
251k-275k 2 0.3 0
276k-300k 4 2 0.1 12
301k-325k 1 1 0.2 6
326k-350k 1 1 0.2 6
351k-375k 4 2 0.1 12
376k-400k 5 4 0.1 7.5
401k-425k 1 1 0.2 6
451k-475k 1 0
476k-500k 1 1 0.2 6
501k-550k 4 0
551k-600k 1 1 0.2 6
601k-650k 2 3 0.3 4
651k-700k 3 1 0.1 18
701k-750k 1 0
751k-800k 1 0.2 0
851k-900k 1 1 1 0.2 6
901k-950k 3 1 1 0.1 18
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 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