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 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 1 0.2 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 31 5 0.3 3.7
301k-325k 15 48 5 0.5 1.9
326k-350k 28 64 10 0.4 2.6
351k-375k 17 71 3 0.7 1.4
376k-400k 47 103 9 0.4 2.7
401k-425k 23 95 17 0.7 1.5
426k-450k 15 64 9 0.7 1.4
451k-475k 18 69 7 0.6 1.6
476k-500k 23 74 11 0.5 1.9
501k-550k 32 122 12 0.6 1.6
551k-600k 18 85 14 0.8 1.3
601k-650k 34 73 10 0.4 2.8
651k-700k 23 66 6 0.5 2.1
701k-750k 14 50 6 0.6 1.7
751k-800k 13 47 3 0.6 1.7
801k-850k 17 37 2 0.4 2.8
851k-900k 13 25 3 0.3 3.1
901k-950k 12 14 3 0.2 5.1
951k-1m 7 12 1 0.3 3.5
1m-1.1m 12 28 2 0.4 2.6
1.1m-1.2m 5 20 3 0.7 1.5
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 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 4 0.2 6
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 18% 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 1 0 24
201k-225k 2 5 1 0.4 2.4
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 7 3 0.1 7.7
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 4 5 0.2 4.8
501k-550k 6 9 2 0.3 4
551k-600k 5 4 0.1 7.5
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 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
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 7 18 6 0.4 2.3
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 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 1 0.3 0
26k-50k 1 0.2 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 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