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 9 29 7 0.5 1.9
301k-325k 21 61 14 0.5 2.1
326k-350k 41 113 22 0.5 2.2
351k-375k 52 119 16 0.4 2.6
376k-400k 69 165 21 0.4 2.5
401k-425k 39 107 11 0.5 2.2
426k-450k 66 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 46 109 11 0.4 2.5
551k-600k 39 54 5 0.2 4.3
601k-650k 17 49 8 0.5 2.1
651k-700k 14 17 2 0.2 4.9
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 12 26 4 0.4 2.8
301k-325k 18 18 5 0.2 6
326k-350k 15 17 5 0.2 5.3
351k-375k 10 20 1 0.3 3
376k-400k 21 38 4 0.3 3.3
401k-425k 29 47 6 0.3 3.7
426k-450k 14 21 5 0.3 4
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