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
76k-100k 1 2 0.3 3
101k-125k 2 0.3 0
126k-150k 2 2 0.2 6
151k-175k 6 13 4 0.4 2.8
176k-200k 14 20 4 0.2 4.2
201k-225k 16 35 7 0.4 2.7
226k-250k 29 57 10 0.3 3.1
251k-275k 41 58 9 0.2 4.2
276k-300k 36 60 7 0.3 3.6
301k-325k 13 28 2 0.4 2.8
326k-350k 13 22 2 0.3 3.5
351k-375k 18 37 8 0.3 2.9
376k-400k 29 41 9 0.2 4.2
401k-425k 10 10 2 0.2 6
426k-450k 4 3 1 0.1 8
451k-475k 2 2 0.2 6
476k-500k 1 3 0.5 2
501k-550k 3 0
601k-650k 1 0.2 0
651k-700k 2 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 0.2 0
1m-1.1m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0.2 0

Townhouses 14% 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 1 1 0.2 0
76k-100k 1 2 0.3 3
101k-125k 2 1 0.3 0
126k-150k 4 1 0 24
151k-175k 3 0
176k-200k 16 8 0.1 12
201k-225k 12 7 1 0.1 10.3
226k-250k 8 14 1 0.3 3.4
251k-275k 16 6 0.1 16
276k-300k 16 10 0.1 9.6
301k-325k 12 18 1 0.3 4
326k-350k 1 1 0.2 6

Condos 14% 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 0.3 0
51k-75k 1 1 0.2 6
76k-100k 4 3 1 0.1 8
101k-125k 10 6 0.1 10
126k-150k 12 3 1 0 24
151k-175k 3 1 0.1 18
176k-200k 1 1 0.2 0
251k-275k 1 0.2 0

Land 16% 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
1k-25k 6 3 2 0.1 12
26k-50k 8 5 0.1 9.6
51k-75k 2 2 0.2 6
76k-100k 5 3 1 0.1 10
101k-125k 2 0
176k-200k 1 0
226k-250k 1 0
251k-275k 1 0
276k-300k 2 0
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
401k-425k 1 0
476k-500k 1 0
551k-600k 1 1 0.2 0
1.2m-1.3m 1 0
1.9m-2m 1 1 0.2 6
3m-3.5m 1 0