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 29% 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 0.2 0
126k-150k 2 2 0.3 0
151k-175k 1 0.2 0
176k-200k 2 0.3 0
201k-225k 1 9 1 1.5 0.7
226k-250k 4 23 5 1 1
251k-275k 5 18 3 0.6 1.7
276k-300k 14 38 7 0.5 2.2
301k-325k 13 47 8 0.6 1.7
326k-350k 23 59 8 0.4 2.3
351k-375k 18 67 6 0.6 1.6
376k-400k 30 99 14 0.6 1.8
401k-425k 16 94 13 1 1
426k-450k 15 56 5 0.6 1.6
451k-475k 19 65 7 0.6 1.8
476k-500k 17 68 9 0.7 1.5
501k-550k 38 115 5 0.5 2
551k-600k 26 71 7 0.5 2.2
601k-650k 35 71 8 0.3 3
651k-700k 23 65 2 0.5 2.1
701k-750k 12 48 5 0.7 1.5
751k-800k 11 43 4 0.7 1.5
801k-850k 15 33 2 0.4 2.7
851k-900k 11 24 4 0.4 2.8
901k-950k 8 15 4 0.3 3.2
951k-1m 9 9 0.2 6
1m-1.1m 10 26 2 0.4 2.3
1.1m-1.2m 6 12 0.3 3
1.2m-1.3m 9 11 1 0.2 4.9
1.3m-1.4m 6 9 2 0.3 4
1.4m-1.5m 8 10 1 0.2 4.8
1.5m-1.6m 4 1 0 24
1.6m-1.7m 4 2 1 0.1 12
1.7m-1.8m 3 3 1 0.2 6
1.8m-1.9m 4 3 0.1 8
1.9m-2m 3 3 1 0.2 6
2m-2.25m 3 4 0.2 4.5
2.25m-2.5m 14 6 1 0.1 14
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 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 5 1 0 30
201k-225k 4 2 0.1 12
226k-250k 6 18 4 0.5 2
251k-275k 5 9 0.3 3.3
276k-300k 5 11 1 0.4 2.7
301k-325k 7 11 4 0.3 3.8
326k-350k 8 7 0.1 6.9
351k-375k 1 6 1 1
376k-400k 5 18 3 0.6 1.7
401k-425k 12 25 1 0.3 2.9
426k-450k 22 24 6 0.2 5.5
451k-475k 5 10 1 0.3 3
476k-500k 5 4 0.1 7.5
501k-550k 7 9 0.2 4.7
551k-600k 4 4 0.2 6
601k-650k 3 0
651k-700k 2 2 0.2 6
701k-750k 1 1 0.2 6
751k-800k 1 2 0.3 3
801k-850k 1 2 0.3 3
851k-900k 1 1 0.2 0

Condos 25% 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 0.2 6
176k-200k 4 11 0.5 2.2
201k-225k 13 14 2 0.2 5.6
226k-250k 6 22 2 0.6 1.6
251k-275k 8 16 4 0.3 3
276k-300k 5 12 3 0.4 2.5
301k-325k 4 6 0.3 4
326k-350k 3 6 1 0.3 3
351k-375k 2 4 1 0.3 3
376k-400k 4 9 1 0.4 2.7
401k-425k 1 3 1 0.5 2
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 23% 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 1 6 2 1 1
76k-100k 3 0
101k-125k 1 1 0.2 6
126k-150k 2 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 3 0
301k-325k 1 2 1 0.3 3
326k-350k 1 0
351k-375k 2 2 0.2 6
376k-400k 1 0
401k-425k 1 1 0.2 0
476k-500k 2 1 0.1 12
501k-550k 1 3 0.5 2
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 0.5 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 2 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