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 32% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0
151k-175k 1 0.2 0
176k-200k 1 1 0.2 0
201k-225k 1 8 1 1.3 0.8
226k-250k 2 24 7 2 0.5
251k-275k 9 18 2 0.3 3
276k-300k 18 36 8 0.3 3
301k-325k 18 44 5 0.4 2.5
326k-350k 33 63 8 0.3 3.1
351k-375k 20 73 11 0.6 1.6
376k-400k 45 108 28 0.4 2.5
401k-425k 28 89 11 0.5 1.9
426k-450k 22 76 14 0.6 1.7
451k-475k 20 69 6 0.6 1.7
476k-500k 29 82 16 0.5 2.1
501k-550k 50 134 19 0.4 2.2
551k-600k 25 85 14 0.6 1.8
601k-650k 36 89 7 0.4 2.4
651k-700k 21 74 13 0.6 1.7
701k-750k 22 59 7 0.4 2.2
751k-800k 18 62 14 0.6 1.7
801k-850k 19 39 5 0.3 2.9
851k-900k 14 32 4 0.4 2.6
901k-950k 8 14 2 0.3 3.4
951k-1m 9 21 4 0.4 2.6
1m-1.1m 9 31 2 0.6 1.7
1.1m-1.2m 5 23 0.8 1.3
1.2m-1.3m 8 15 1 0.3 3.2
1.3m-1.4m 8 12 1 0.3 4
1.4m-1.5m 6 10 2 0.3 3.6
1.5m-1.6m 5 4 1 0.1 7.5
1.6m-1.7m 5 3 0.1 10
1.7m-1.8m 4 3 2 0.1 8
1.8m-1.9m 6 2 1 0.1 18
1.9m-2m 3 5 1 0.3 3.6
2m-2.25m 4 9 1 0.4 2.7
2.25m-2.5m 13 4 0.1 19.5
2.5m-2.75m 1 1 1 0.2 6
2.75m-3m 4 2 0.1 12
3m-3.5m 1 0
3.5m-4m 2 2 0.2 6
4m-4.5m 1 0
6.01m-7m 1 1 0.2 0
7.01m-8m 1 0

Townhouses 28% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
176k-200k 2 1 1 0.1 12
201k-225k 3 8 0.4 2.3
226k-250k 6 18 5 0.5 2
251k-275k 2 13 2 1.1 0.9
276k-300k 3 14 0.8 1.3
301k-325k 8 8 2 0.2 6
326k-350k 8 13 1 0.3 3.7
351k-375k 3 7 0.4 2.6
376k-400k 6 17 3 0.5 2.1
401k-425k 12 32 6 0.4 2.3
426k-450k 27 21 5 0.1 7.7
451k-475k 5 13 0.4 2.3
476k-500k 5 9 2 0.3 3.3
501k-550k 7 8 1 0.2 5.3
551k-600k 6 4 0.1 9
601k-650k 1 0
651k-700k 1 2 0.3 3
701k-750k 1 1 1 0.2 6
751k-800k 1 2 0.3 3
801k-850k 1 3 0.5 2
901k-950k 1 0

Condos 24% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 5 0.4 2.4
176k-200k 6 12 0.3 3
201k-225k 15 20 3 0.2 4.5
226k-250k 6 23 6 0.6 1.6
251k-275k 11 16 3 0.2 4.1
276k-300k 6 12 1 0.3 3
301k-325k 5 8 1 0.3 3.8
326k-350k 4 9 0.4 2.7
351k-375k 2 6 1 0.5 2
376k-400k 3 8 2 0.4 2.3
401k-425k 2 2 0.2 6
426k-450k 2 2 0.2 6
451k-475k 1 4 0.7 1.5
476k-500k 1 0
501k-550k 1 3 1 0.5 2
551k-600k 1 0
801k-850k 1 0.2 0

Land 14% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 2 1 0.3 3
51k-75k 2 3 0.3 4
76k-100k 4 1 0 24
101k-125k 1 1 1 0.2 6
126k-150k 2 0
151k-175k 1 0
201k-225k 2 3 1 0.3 4
226k-250k 7 0
251k-275k 2 1 1 0.1 12
301k-325k 2 0
326k-350k 2 0
351k-375k 2 1 0.1 12
376k-400k 1 0
401k-425k 2 0
476k-500k 1 1 0.2 6
501k-550k 4 3 0.1 8
601k-650k 1 2 0.3 3
651k-700k 3 0
701k-750k 1 0
751k-800k 1 1 0.2 6
801k-850k 2 1 0.3 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 2 0.3 0
1.1m-1.2m 1 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