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 4 1 0.7 0
251k-275k 2 14 1 1.2 0.9
276k-300k 6 35 10 1 1
301k-325k 20 57 10 0.5 2.1
326k-350k 45 112 16 0.4 2.4
351k-375k 47 122 21 0.4 2.3
376k-400k 62 147 22 0.4 2.5
401k-425k 44 99 10 0.4 2.7
426k-450k 65 89 15 0.2 4.4
451k-475k 31 71 9 0.4 2.6
476k-500k 30 62 7 0.3 2.9
501k-550k 50 92 15 0.3 3.3
551k-600k 44 46 3 0.2 5.7
601k-650k 15 37 4 0.4 2.4
651k-700k 9 16 3 0.3 3.4
701k-750k 8 13 2 0.3 3.7
751k-800k 4 7 2 0.3 3.4
801k-850k 5 6 0.2 5
851k-900k 1 1 0.2 6
901k-950k 2 0.3 0
951k-1m 1 0
1m-1.1m 3 0
1.1m-1.2m 3 0
1.2m-1.3m 4 0
1.3m-1.4m 1 0
1.4m-1.5m 4 0
1.5m-1.6m 2 2 0.3 0
1.7m-1.8m 1 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 1 1 0.2 0
226k-250k 2 5 1 0.4 2.4
251k-275k 11 1.8 0
276k-300k 17 20 2 0.2 5.1
301k-325k 17 11 2 0.1 9.3
326k-350k 14 14 1 0.2 6
351k-375k 8 20 3 0.4 2.4
376k-400k 29 37 6 0.2 4.7
401k-425k 25 41 4 0.3 3.7
426k-450k 14 18 4 0.2 4.7
451k-475k 9 3 0.1 18
476k-500k 2 2 0.2 6
501k-550k 3 4 0.2 4.5

Condos 33% 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 3 0.5 0
251k-275k 4 0.7 0
276k-300k 2 2 0.2 6
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 10% 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
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