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 3 1 0.5 0
101k-125k 2 0.3 0
126k-150k 2 1 0.3 0
151k-175k 6 10 2 0.3 3.6
176k-200k 15 20 6 0.2 4.5
201k-225k 21 33 10 0.3 3.8
226k-250k 20 57 12 0.5 2.1
251k-275k 43 57 15 0.2 4.5
276k-300k 37 63 11 0.3 3.5
301k-325k 15 32 3 0.4 2.8
326k-350k 16 26 5 0.3 3.7
351k-375k 24 34 7 0.2 4.2
376k-400k 24 39 5 0.3 3.7
401k-425k 10 10 2 0.2 6
426k-450k 5 5 1 0.2 6
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 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 0
76k-100k 1 2 0.3 3
101k-125k 1 0.2 0
126k-150k 3 2 0.1 9
151k-175k 5 0
176k-200k 15 10 3 0.1 9
201k-225k 10 7 1 0.1 8.6
226k-250k 9 20 3 0.4 2.7
251k-275k 8 5 1 0.1 9.6
276k-300k 13 13 1 0.2 6
301k-325k 22 20 0.2 6.6
326k-350k 2 1 0.1 12

Condos 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 2 1 0.3 0
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 13 3 1 0 26
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 1 2 1 0.3 3
76k-100k 7 2 0 21
101k-125k 1 0
126k-150k 1 1 0.2 6
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