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 34% 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 2 2 0.3 0
151k-175k 1 0.2 0
176k-200k 2 0.3 0
201k-225k 11 3 1.8 0
226k-250k 5 21 2 0.7 1.4
251k-275k 5 18 6 0.6 1.7
276k-300k 13 35 8 0.4 2.2
301k-325k 15 44 7 0.5 2
326k-350k 22 60 8 0.5 2.2
351k-375k 17 68 4 0.7 1.5
376k-400k 39 100 12 0.4 2.3
401k-425k 19 93 15 0.8 1.2
426k-450k 14 58 5 0.7 1.4
451k-475k 20 64 6 0.5 1.9
476k-500k 21 65 9 0.5 1.9
501k-550k 30 116 9 0.6 1.6
551k-600k 22 77 11 0.6 1.7
601k-650k 33 71 11 0.4 2.8
651k-700k 19 66 6 0.6 1.7
701k-750k 14 48 7 0.6 1.8
751k-800k 13 44 2 0.6 1.8
801k-850k 16 36 4 0.4 2.7
851k-900k 11 24 3 0.4 2.8
901k-950k 8 16 7 0.3 3
951k-1m 8 8 0.2 6
1m-1.1m 9 27 4 0.5 2
1.1m-1.2m 5 17 2 0.6 1.8
1.2m-1.3m 8 12 1 0.3 4
1.3m-1.4m 7 8 1 0.2 5.3
1.4m-1.5m 5 10 1 0.3 3
1.5m-1.6m 5 2 0.1 15
1.6m-1.7m 3 2 1 0.1 9
1.7m-1.8m 2 3 1 0.3 4
1.8m-1.9m 4 3 0.1 8
1.9m-2m 3 3 1 0.2 6
2m-2.25m 3 3 0.2 6
2.25m-2.5m 15 5 1 0.1 18
2.5m-2.75m 2 0
2.75m-3m 1 3 1 0.5 2
3m-3.5m 1 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 21% 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 3 1 0.1 18
201k-225k 3 2 1 0.1 9
226k-250k 9 15 1 0.3 3.6
251k-275k 5 9 0.3 3.3
276k-300k 2 11 1 0.9 1.1
301k-325k 8 10 3 0.2 4.8
326k-350k 8 7 1 0.1 6.9
351k-375k 1 5 0.8 1.2
376k-400k 4 20 3 0.8 1.2
401k-425k 11 25 1 0.4 2.6
426k-450k 23 23 5 0.2 6
451k-475k 7 10 1 0.2 4.2
476k-500k 4 4 0.2 6
501k-550k 6 9 0.3 4
551k-600k 4 4 0.2 6
601k-650k 2 0
651k-700k 1 2 0.3 3
701k-750k 1 1 0.2 6
751k-800k 2 0.3 0
801k-850k 1 2 0.3 3
851k-900k 1 1 0.2 0

Condos 30% 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 3 13 2 0.7 1.4
201k-225k 13 14 2 0.2 5.6
226k-250k 4 22 2 0.9 1.1
251k-275k 7 16 4 0.4 2.6
276k-300k 3 13 3 0.7 1.4
301k-325k 5 6 0.2 5
326k-350k 4 5 0.2 4.8
351k-375k 2 4 1 0.3 3
376k-400k 4 9 1 0.4 2.7
401k-425k 3 1 0.5 0
426k-450k 3 2 0.1 9
451k-475k 3 0.5 0
476k-500k 1 1 0.2 6
501k-550k 1 0
551k-600k 1 0.2 0
801k-850k 1 0.2 0

Land 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
1k-25k 2 0.3 0
26k-50k 1 0.2 0
51k-75k 2 4 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 2 0.3 3
226k-250k 8 2 1 0 24
251k-275k 2 0
301k-325k 1 1 0.2 6
326k-350k 1 0
351k-375k 2 3 2 0.3 4
376k-400k 1 0
401k-425k 1 1 0.2 0
476k-500k 1 1 0.2 6
501k-550k 2 3 0.3 4
601k-650k 1 1 0.2 6
651k-700k 2 0
701k-750k 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 2 0.3 0
1.3m-1.4m 1 0
1.7m-1.8m 1 0
2.75m-3m 1 0
3.5m-4m 2 0