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 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 5 33 9 1.1 0.9
301k-325k 20 56 8 0.5 2.1
326k-350k 44 112 12 0.4 2.4
351k-375k 43 117 18 0.5 2.2
376k-400k 58 151 20 0.4 2.3
401k-425k 41 98 11 0.4 2.5
426k-450k 57 91 17 0.3 3.8
451k-475k 33 64 6 0.3 3.1
476k-500k 30 60 3 0.3 3
501k-550k 55 80 6 0.2 4.1
551k-600k 40 47 7 0.2 5.1
601k-650k 18 36 3 0.3 3
651k-700k 9 15 3 0.3 3.6
701k-750k 10 11 1 0.2 5.5
751k-800k 2 8 2 0.7 1.5
801k-850k 5 4 0.1 7.5
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 1 1 0.2 6
1.4m-1.5m 5 0
1.5m-1.6m 1 1 0.2 6
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 0.3 0
226k-250k 2 4 0.3 3
251k-275k 2 9 0.8 1.3
276k-300k 18 18 2 0.2 6
301k-325k 17 9 2 0.1 11.3
326k-350k 13 15 2 0.2 5.2
351k-375k 7 20 5 0.5 2.1
376k-400k 33 34 7 0.2 5.8
401k-425k 23 39 3 0.3 3.5
426k-450k 13 18 3 0.2 4.3
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
176k-200k 1 0
226k-250k 2 0.3 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
426k-450k 1 2 0.3 3

Land 8% 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 0.2 0
276k-300k 1 0.2 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
901k-950k 1 0
1.1m-1.2m 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