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
101k-125k 1 1 0.2 0
126k-150k 1 0
151k-175k 1 0.2 0
176k-200k 2 1 0.3 0
201k-225k 11 2 1.8 0
226k-250k 3 22 2 1.2 0.8
251k-275k 5 17 5 0.6 1.8
276k-300k 19 30 5 0.3 3.8
301k-325k 16 48 6 0.5 2
326k-350k 29 61 7 0.4 2.9
351k-375k 17 71 4 0.7 1.4
376k-400k 48 103 10 0.4 2.8
401k-425k 24 94 16 0.7 1.5
426k-450k 15 65 9 0.7 1.4
451k-475k 18 70 7 0.6 1.5
476k-500k 24 74 10 0.5 1.9
501k-550k 32 122 13 0.6 1.6
551k-600k 17 85 14 0.8 1.2
601k-650k 32 74 11 0.4 2.6
651k-700k 23 68 6 0.5 2
701k-750k 15 50 5 0.6 1.8
751k-800k 13 48 3 0.6 1.6
801k-850k 17 36 2 0.4 2.8
851k-900k 13 27 4 0.3 2.9
901k-950k 13 15 3 0.2 5.2
951k-1m 7 12 1 0.3 3.5
1m-1.1m 12 29 2 0.4 2.5
1.1m-1.2m 5 21 3 0.7 1.4
1.2m-1.3m 6 14 1 0.4 2.6
1.3m-1.4m 8 9 1 0.2 5.3
1.4m-1.5m 5 10 1 0.3 3
1.5m-1.6m 3 2 1 0.1 9
1.6m-1.7m 3 3 1 0.2 6
1.7m-1.8m 3 3 1 0.2 6
1.8m-1.9m 3 3 0.2 6
1.9m-2m 3 3 1 0.2 6
2m-2.25m 4 5 0.2 4.8
2.25m-2.5m 15 5 1 0.1 18
2.5m-2.75m 3 0
2.75m-3m 3 2 0.1 9
3m-3.5m 2 0
3.5m-4m 1 3 0.5 2
4m-4.5m 1 0
6.01m-7m 1 0.2 0
7.01m-8m 1 0

Townhouses 19% 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
151k-175k 1 0
176k-200k 4 2 1 0.1 12
201k-225k 2 4 0.3 3
226k-250k 9 15 0.3 3.6
251k-275k 6 11 0.3 3.3
276k-300k 3 10 0.6 1.8
301k-325k 10 9 1 0.2 6.7
326k-350k 9 8 3 0.1 6.8
351k-375k 2 6 0.5 2
376k-400k 9 20 3 0.4 2.7
401k-425k 9 26 0.5 2.1
426k-450k 24 25 5 0.2 5.8
451k-475k 7 11 1 0.3 3.8
476k-500k 5 5 0.2 6
501k-550k 6 9 2 0.3 4
551k-600k 6 4 0.1 9
601k-650k 2 0
651k-700k 1 2 0.3 3
701k-750k 1 1 0.2 6
751k-800k 1 2 0.3 3
801k-850k 1 3 0.5 2
851k-900k 1 1 0.2 0

Condos 22% 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
126k-150k 2 0.3 0
151k-175k 1 1 1 0.2 6
176k-200k 5 12 2 0.4 2.5
201k-225k 18 14 0.1 7.7
226k-250k 5 23 1 0.8 1.3
251k-275k 8 17 5 0.4 2.8
276k-300k 7 11 2 0.3 3.8
301k-325k 5 8 0.3 3.8
326k-350k 5 6 0.2 5
351k-375k 2 4 1 0.3 3
376k-400k 4 9 1 0.4 2.7
401k-425k 4 1 0.7 0
426k-450k 2 2 0.2 6
451k-475k 5 0.8 0
476k-500k 1 1 0.2 6
501k-550k 1 1 0.2 6
551k-600k 1 1 0.2 6
801k-850k 1 0.2 0

Land 24% 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 1 0.2 0
26k-50k 2 1 0.3 0
51k-75k 2 4 1 0.3 3
76k-100k 3 0
101k-125k 1 1 0.2 6
126k-150k 2 1 1 0.1 12
151k-175k 1 0
176k-200k 1 0
201k-225k 1 1 0.2 6
226k-250k 8 1 1 0 48
251k-275k 2 1 0.1 12
276k-300k 1 1 0.2 0
301k-325k 1 1 1 0.2 6
326k-350k 2 0
351k-375k 2 2 1 0.2 6
376k-400k 1 0
401k-425k 2 0
476k-500k 1 1 0.2 6
501k-550k 3 3 0.2 6
601k-650k 1 1 0.2 6
651k-700k 2 0
701k-750k 1 1 0.2 0
751k-800k 1 1 0.2 6
801k-850k 3 1 0.5 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 1 0
1m-1.1m 1 0.2 0
1.3m-1.4m 1 0
1.7m-1.8m 1 0
2.75m-3m 1 0
3.5m-4m 2 0