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 2 1 0.3 0
101k-125k 1 0.2 0
126k-150k 2 4 1 0.3 3
151k-175k 3 0.5 0
176k-200k 4 0.7 0
201k-225k 9 1.5 0
226k-250k 3 22 3 1.2 0.8
251k-275k 8 21 4 0.4 2.3
276k-300k 9 23 2 0.4 2.3
301k-325k 15 40 7 0.4 2.3
326k-350k 23 36 4 0.3 3.8
351k-375k 14 50 7 0.6 1.7
376k-400k 32 70 9 0.4 2.7
401k-425k 11 34 5 0.5 1.9
426k-450k 19 23 1 0.2 5
451k-475k 11 16 1 0.2 4.1
476k-500k 17 33 4 0.3 3.1
501k-550k 30 44 6 0.2 4.1
551k-600k 33 34 6 0.2 5.8
601k-650k 28 26 2 0.2 6.5
651k-700k 17 24 4 0.2 4.3
701k-750k 15 13 2 0.1 6.9
751k-800k 7 13 2 0.3 3.2
801k-850k 8 6 0.1 8
851k-900k 9 12 0.2 4.5
901k-950k 9 5 1 0.1 10.8
951k-1m 6 5 0.1 7.2
1m-1.1m 6 6 2 0.2 6
1.1m-1.2m 12 12 0.2 6
1.2m-1.3m 7 5 0.1 8.4
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 3 1 0.1 18
1.9m-2m 2 0
2m-2.25m 6 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 16% 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 11 2 0.3 3.8
351k-375k 6 0
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 2 1 0.2 6
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 16% 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 6 2 0.5 2
26k-50k 4 8 4 0.3 3
51k-75k 8 7 2 0.1 6.9
76k-100k 12 3 0 24
101k-125k 11 6 1 0.1 11
126k-150k 9 6 2 0.1 9
151k-175k 8 4 1 0.1 12
176k-200k 10 4 0.1 15
201k-225k 9 0
226k-250k 5 0
251k-275k 3 0.5 0
276k-300k 4 2 0.1 12
301k-325k 1 1 0.2 6
326k-350k 1 2 0.3 3
351k-375k 4 3 0.1 8
376k-400k 5 5 1 0.2 6
401k-425k 1 1 0.2 6
451k-475k 1 0
476k-500k 1 1 1 0.2 6
501k-550k 4 0
551k-600k 1 1 0.2 6
601k-650k 3 3 1 0.2 6
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