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 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
76k-100k 3 1 0.5 0
101k-125k 1 0.2 0
126k-150k 3 1 0.1 18
151k-175k 5 14 5 0.5 2.1
176k-200k 12 18 4 0.3 4
201k-225k 20 36 7 0.3 3.3
226k-250k 30 54 10 0.3 3.3
251k-275k 35 58 10 0.3 3.6
276k-300k 28 50 3 0.3 3.4
301k-325k 15 29 2 0.3 3.1
326k-350k 11 25 3 0.4 2.6
351k-375k 17 36 1 0.4 2.8
376k-400k 23 39 4 0.3 3.5
401k-425k 10 9 1 0.2 6.7
426k-450k 5 3 0.1 10
451k-475k 1 2 1 0.3 3
476k-500k 1 3 0.5 2
501k-550k 3 1 1 0.1 18
551k-600k 1 0
601k-650k 1 0.2 0
651k-700k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 1 0.2 6
1m-1.1m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0.2 0

Townhouses 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 1 1 0.2 0
76k-100k 1 2 0.3 3
101k-125k 2 0.3 0
126k-150k 2 1 0.1 12
151k-175k 3 0
176k-200k 13 6 0.1 13
201k-225k 11 8 1 0.1 8.3
226k-250k 8 10 1 0.2 4.8
251k-275k 19 8 1 0.1 14.3
276k-300k 15 10 1 0.1 9
301k-325k 10 18 2 0.3 3.3
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 1 1 0.2 0
51k-75k 1 2 0.3 3
76k-100k 2 2 0.2 6
101k-125k 11 3 0 22
126k-150k 10 3 1 0.1 20
151k-175k 1 1 0.2 6
176k-200k 1 1 0.2 0
251k-275k 1 0.2 0

Land 7% 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 8 2 1 0 24
26k-50k 8 5 0.1 9.6
51k-75k 2 1 0.1 12
76k-100k 6 2 0.1 18
101k-125k 2 0
176k-200k 1 0
226k-250k 1 0
251k-275k 1 0
276k-300k 1 0
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
401k-425k 1 0
476k-500k 1 0
1.2m-1.3m 1 0
1.9m-2m 1 1 0.2 6
3m-3.5m 1 0