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 29% 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
126k-150k 1 0
176k-200k 2 0.3 0
201k-225k 2 0.3 0
226k-250k 3 1 0.5 0
251k-275k 2 14 1.2 0.9
276k-300k 6 35 10 1 1
301k-325k 20 58 9 0.5 2.1
326k-350k 46 113 14 0.4 2.4
351k-375k 47 119 18 0.4 2.4
376k-400k 58 150 21 0.4 2.3
401k-425k 44 96 10 0.4 2.8
426k-450k 64 88 15 0.2 4.4
451k-475k 35 68 6 0.3 3.1
476k-500k 29 61 5 0.4 2.9
501k-550k 53 86 10 0.3 3.7
551k-600k 42 48 6 0.2 5.3
601k-650k 16 36 4 0.4 2.7
651k-700k 9 15 3 0.3 3.6
701k-750k 9 13 1 0.2 4.2
751k-800k 3 8 3 0.4 2.3
801k-850k 5 6 0.2 5
851k-900k 2 1 0.1 12
901k-950k 2 0.3 0
951k-1m 2 0
1m-1.1m 3 0
1.1m-1.2m 3 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.4m-1.5m 5 0
1.5m-1.6m 1 2 2 0.3 3
1.7m-1.8m 2 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.75m-3m 1 0
9.01m-10m 1 0

Townhouses 26% 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
201k-225k 2 1 0.3 0
226k-250k 2 4 0.3 3
251k-275k 11 1.8 0
276k-300k 18 19 1 0.2 5.7
301k-325k 17 10 2 0.1 10.2
326k-350k 11 16 2 0.2 4.1
351k-375k 8 20 3 0.4 2.4
376k-400k 33 37 7 0.2 5.4
401k-425k 24 39 2 0.3 3.7
426k-450k 12 18 3 0.3 4
451k-475k 9 3 0.1 18
476k-500k 2 2 0.2 6
501k-550k 3 4 0.2 4.5

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
126k-150k 1 0.2 0
226k-250k 3 0.5 0
251k-275k 1 4 0.7 1.5
276k-300k 1 2 0.3 3
351k-375k 2 0.3 0
376k-400k 4 0.7 0
401k-425k 1 1 0.2 6
426k-450k 1 2 0.3 3

Land 11% 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
26k-50k 2 1 0.1 12
51k-75k 5 0
76k-100k 3 4 0.2 4.5
101k-125k 3 0.5 0
126k-150k 1 1 0.2 6
151k-175k 1 0
176k-200k 5 0
226k-250k 2 1 0.1 12
251k-275k 1 0
276k-300k 2 0.3 0
326k-350k 1 0
376k-400k 1 0
426k-450k 1 0
501k-550k 2 0.3 0
651k-700k 2 1 0.1 12
801k-850k 2 1 0.1 12
851k-900k 1 0.2 0
901k-950k 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 1 0.2 0
2m-2.25m 1 0
2.75m-3m 2 0
3m-3.5m 1 0
5.01m-6m 1 0