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 34 9 0.9 1.1
301k-325k 22 55 7 0.4 2.4
326k-350k 46 111 13 0.4 2.5
351k-375k 46 117 15 0.4 2.4
376k-400k 58 153 21 0.4 2.3
401k-425k 43 96 9 0.4 2.7
426k-450k 59 90 18 0.3 3.9
451k-475k 35 62 6 0.3 3.4
476k-500k 29 61 4 0.4 2.9
501k-550k 53 85 8 0.3 3.7
551k-600k 42 47 6 0.2 5.4
601k-650k 17 36 3 0.4 2.8
651k-700k 9 15 3 0.3 3.6
701k-750k 10 11 1 0.2 5.5
751k-800k 2 8 3 0.7 1.5
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 1 1 0.2 6
1.4m-1.5m 5 0
1.5m-1.6m 1 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 1 0.3 0
226k-250k 2 4 0.3 3
251k-275k 1 9 1.5 0.7
276k-300k 19 18 1 0.2 6.3
301k-325k 16 9 2 0.1 10.7
326k-350k 13 15 2 0.2 5.2
351k-375k 7 21 5 0.5 2
376k-400k 33 34 7 0.2 5.8
401k-425k 23 40 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 17% 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
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
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
1.1m-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