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 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
76k-100k 2 1 0.3 0
101k-125k 2 0.3 0
126k-150k 2 1 0.3 0
151k-175k 7 11 2 0.3 3.8
176k-200k 13 19 7 0.2 4.1
201k-225k 17 35 6 0.3 2.9
226k-250k 22 57 8 0.4 2.3
251k-275k 44 57 9 0.2 4.6
276k-300k 35 63 10 0.3 3.3
301k-325k 13 30 3 0.4 2.6
326k-350k 12 26 6 0.4 2.8
351k-375k 19 40 11 0.4 2.9
376k-400k 30 40 6 0.2 4.5
401k-425k 9 11 4 0.2 4.9
426k-450k 2 3 1 0.3 4
451k-475k 3 1 0.5 0
476k-500k 3 1 0.5 0
501k-550k 2 0
601k-650k 1 0.2 0
651k-700k 2 0
751k-800k 2 1 0.1 12
801k-850k 1 0
851k-900k 1 0.2 0
1m-1.1m 1 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 0.2 0

Townhouses 12% 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 0
76k-100k 1 2 0.3 3
101k-125k 1 0.2 0
126k-150k 3 2 0.1 9
151k-175k 4 1 1 0 24
176k-200k 15 9 3 0.1 10
201k-225k 10 8 1 0.1 7.5
226k-250k 9 15 1 0.3 3.6
251k-275k 9 6 1 0.1 9
276k-300k 13 13 1 0.2 6
301k-325k 19 17 0.1 6.7
326k-350k 2 1 0.1 12

Condos 9% 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 6
51k-75k 2 0.3 0
76k-100k 4 3 1 0.1 8
101k-125k 11 6 0.1 11
126k-150k 14 2 0 42
151k-175k 2 2 0.2 6
176k-200k 1 1 0.2 0
251k-275k 1 0.2 0

Land 9% 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 7 2 0 21
26k-50k 9 5 1 0.1 10.8
51k-75k 2 2 1 0.2 6
76k-100k 6 3 1 0.1 12
101k-125k 2 0
126k-150k 1 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 0
1.2m-1.3m 1 0
1.9m-2m 1 1 0.2 6
3m-3.5m 1 0