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 0.3 0
226k-250k 3 1 0.5 0
251k-275k 2 19 1 1.6 0.6
276k-300k 10 28 6 0.5 2.1
301k-325k 21 61 14 0.5 2.1
326k-350k 41 114 21 0.5 2.2
351k-375k 50 121 16 0.4 2.5
376k-400k 68 164 22 0.4 2.5
401k-425k 38 108 11 0.5 2.1
426k-450k 67 93 12 0.2 4.3
451k-475k 31 75 8 0.4 2.5
476k-500k 34 79 13 0.4 2.6
501k-550k 45 109 12 0.4 2.5
551k-600k 39 53 4 0.2 4.4
601k-650k 17 47 8 0.5 2.2
651k-700k 14 16 2 0.2 5.3
701k-750k 11 14 1 0.2 4.7
751k-800k 6 5 0.1 7.2
801k-850k 4 8 2 0.3 3
851k-900k 2 1 0.1 12
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 5 0
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 2 0
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 31% 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 0
226k-250k 1 4 0.7 1.5
251k-275k 10 1 1.7 0
276k-300k 13 26 4 0.3 3
301k-325k 18 16 5 0.1 6.8
326k-350k 14 17 5 0.2 4.9
351k-375k 10 20 1 0.3 3
376k-400k 22 37 3 0.3 3.6
401k-425k 29 46 5 0.3 3.8
426k-450k 15 21 5 0.2 4.3
451k-475k 10 4 3 0.1 15
476k-500k 2 2 0.2 6
501k-550k 1 5 0.8 1.2

Condos 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 0.2 0
226k-250k 1 3 0.5 2
251k-275k 1 3 0.5 2
276k-300k 2 2 0.2 6
301k-325k 1 1 0.2 6
326k-350k 1 0.2 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 6 1 0 36
76k-100k 2 4 2 0.3 3
101k-125k 1 2 1 0.3 3
126k-150k 1 0.2 0
151k-175k 2 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 1 1 0.2 6
851k-900k 1 0.2 0
901k-950k 1 0
951k-1m 1 0.2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
5.01m-6m 1 0.2 0