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 3 1 0.5 0
101k-125k 2 0.3 0
126k-150k 2 1 0.3 0
151k-175k 5 10 2 0.3 3
176k-200k 15 19 6 0.2 4.7
201k-225k 20 33 9 0.3 3.6
226k-250k 24 56 11 0.4 2.6
251k-275k 42 56 12 0.2 4.5
276k-300k 40 62 9 0.3 3.9
301k-325k 17 30 2 0.3 3.4
326k-350k 14 28 6 0.3 3
351k-375k 22 37 10 0.3 3.6
376k-400k 24 40 5 0.3 3.6
401k-425k 11 10 2 0.2 6.6
426k-450k 4 5 1 0.2 4.8
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 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 0
76k-100k 1 2 0.3 3
101k-125k 1 0.2 0
126k-150k 3 2 0.1 9
151k-175k 6 0
176k-200k 15 10 3 0.1 9
201k-225k 10 8 1 0.1 7.5
226k-250k 10 18 2 0.3 3.3
251k-275k 8 5 1 0.1 9.6
276k-300k 13 13 1 0.2 6
301k-325k 22 19 0.1 6.9
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 5 2 1 0.1 15
101k-125k 10 9 1 0.2 6.7
126k-150k 14 3 1 0 28
151k-175k 2 2 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 7 2 0 21
26k-50k 9 5 1 0.1 10.8
51k-75k 2 2 1 0.2 6
76k-100k 7 2 0 21
101k-125k 1 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
426k-450k 1 0
476k-500k 1 0
551k-600k 1 0
1.2m-1.3m 1 0
1.9m-2m 1 1 0.2 0
3m-3.5m 1 0