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 30% 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 1 0.3 0
201k-225k 2 1 0.3 0
226k-250k 1 4 2 0.7 1.5
251k-275k 1 17 1 2.8 0.4
276k-300k 10 30 5 0.5 2
301k-325k 23 58 10 0.4 2.4
326k-350k 41 115 21 0.5 2.1
351k-375k 43 122 18 0.5 2.1
376k-400k 68 153 19 0.4 2.7
401k-425k 40 108 10 0.5 2.2
426k-450k 67 90 16 0.2 4.5
451k-475k 30 75 8 0.4 2.4
476k-500k 31 72 12 0.4 2.6
501k-550k 45 98 13 0.4 2.8
551k-600k 37 48 4 0.2 4.6
601k-650k 16 42 9 0.4 2.3
651k-700k 14 15 3 0.2 5.6
701k-750k 10 14 1 0.2 4.3
751k-800k 5 7 1 0.2 4.3
801k-850k 4 8 0.3 3
851k-900k 1 1 0.2 6
901k-950k 3 0.5 0
951k-1m 1 0
1m-1.1m 3 0
1.1m-1.2m 3 0
1.2m-1.3m 4 0
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 1 1 1 0.2 6
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
3m-3.5m 1 0
9.01m-10m 1 0

Townhouses 28% 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 1 1 0.2 0
226k-250k 5 1 0.8 0
251k-275k 10 1 1.7 0
276k-300k 15 24 4 0.3 3.8
301k-325k 15 14 5 0.2 6.4
326k-350k 13 17 2 0.2 4.6
351k-375k 11 21 0.3 3.1
376k-400k 24 37 2 0.3 3.9
401k-425k 29 43 4 0.2 4
426k-450k 16 19 3 0.2 5.1
451k-475k 10 3 2 0.1 20
476k-500k 2 2 0.2 6
501k-550k 5 0.8 0

Condos 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 0.2 0
226k-250k 3 0.5 0
251k-275k 4 1 0.7 0
276k-300k 2 2 0.2 6
301k-325k 1 0
351k-375k 2 0.3 0
376k-400k 4 2 0.7 0
401k-425k 1 0.2 0
426k-450k 1 2 0.3 3
451k-475k 1 0

Land 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
26k-50k 3 2 0.5 0
51k-75k 5 0
76k-100k 3 4 2 0.2 4.5
101k-125k 1 2 0.3 3
126k-150k 1 1 0.2 6
151k-175k 1 0
176k-200k 4 0
226k-250k 2 2 0.2 6
251k-275k 1 0
276k-300k 1 1 0.2 0
301k-325k 1 1 0.2 0
326k-350k 1 0
376k-400k 1 0
426k-450k 1 0
501k-550k 2 0.3 0
551k-600k 1 0.2 0
601k-650k 1 0
651k-700k 2 1 1 0.1 12
801k-850k 2 0
851k-900k 1 0.2 0
901k-950k 1 0
951k-1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
5.01m-6m 1 0.2 0