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 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
126k-150k 1 0
176k-200k 2 1 0.3 0
201k-225k 3 1 0.5 0
226k-250k 4 2 0.7 0
251k-275k 1 18 1 3 0.3
276k-300k 9 29 6 0.5 1.9
301k-325k 25 57 11 0.4 2.6
326k-350k 44 115 22 0.4 2.3
351k-375k 48 123 18 0.4 2.3
376k-400k 68 166 24 0.4 2.5
401k-425k 39 109 11 0.5 2.1
426k-450k 72 88 13 0.2 4.9
451k-475k 31 75 8 0.4 2.5
476k-500k 32 75 12 0.4 2.6
501k-550k 46 108 13 0.4 2.6
551k-600k 39 53 5 0.2 4.4
601k-650k 16 46 8 0.5 2.1
651k-700k 15 16 2 0.2 5.6
701k-750k 10 13 0.2 4.6
751k-800k 7 6 0.1 7
801k-850k 4 8 1 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 5 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 27% 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 5 1 0.8 0
251k-275k 10 1 1.7 0
276k-300k 14 26 4 0.3 3.2
301k-325k 18 14 4 0.1 7.7
326k-350k 15 17 4 0.2 5.3
351k-375k 11 20 0.3 3.3
376k-400k 24 38 3 0.3 3.8
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 1 5 0.8 1.2

Condos 13% 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
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 0
76k-100k 2 4 2 0.3 3
101k-125k 1 2 1 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 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
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