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 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 1 0
151k-175k 1 0.2 0
176k-200k 1 1 0.2 0
201k-225k 10 3 1.7 0
226k-250k 3 25 2 1.4 0.7
251k-275k 7 15 1 0.4 2.8
276k-300k 18 31 4 0.3 3.5
301k-325k 18 47 7 0.4 2.3
326k-350k 29 62 8 0.4 2.8
351k-375k 18 70 7 0.6 1.5
376k-400k 47 104 19 0.4 2.7
401k-425k 28 94 14 0.6 1.8
426k-450k 16 75 13 0.8 1.3
451k-475k 16 72 10 0.8 1.3
476k-500k 28 78 14 0.5 2.2
501k-550k 40 131 18 0.5 1.8
551k-600k 21 84 15 0.7 1.5
601k-650k 38 79 7 0.3 2.9
651k-700k 24 69 12 0.5 2.1
701k-750k 19 53 7 0.5 2.2
751k-800k 14 58 6 0.7 1.4
801k-850k 16 38 5 0.4 2.5
851k-900k 13 29 3 0.4 2.7
901k-950k 9 14 2 0.3 3.9
951k-1m 7 14 1 0.3 3
1m-1.1m 13 28 1 0.4 2.8
1.1m-1.2m 8 18 0.4 2.7
1.2m-1.3m 6 16 2 0.4 2.3
1.3m-1.4m 8 10 1 0.2 4.8
1.4m-1.5m 5 12 3 0.4 2.5
1.5m-1.6m 3 3 1 0.2 6
1.6m-1.7m 3 3 0.2 6
1.7m-1.8m 4 2 1 0.1 12
1.8m-1.9m 4 3 1 0.1 8
1.9m-2m 4 4 0.2 6
2m-2.25m 2 8 0.7 1.5
2.25m-2.5m 12 4 0.1 18
2.5m-2.75m 2 1 1 0.1 12
2.75m-3m 3 3 1 0.2 6
3m-3.5m 2 0
3.5m-4m 1 3 1 0.5 2
4m-4.5m 1 0
6.01m-7m 1 1 0.2 0
7.01m-8m 1 0

Townhouses 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
176k-200k 2 2 1 0.2 6
201k-225k 3 7 0.4 2.6
226k-250k 4 16 2 0.7 1.5
251k-275k 3 15 3 0.8 1.2
276k-300k 4 12 0.5 2
301k-325k 9 9 2 0.2 6
326k-350k 7 12 4 0.3 3.5
351k-375k 2 7 0.6 1.7
376k-400k 9 19 2 0.4 2.8
401k-425k 8 29 3 0.6 1.7
426k-450k 24 20 5 0.1 7.2
451k-475k 6 12 0.3 3
476k-500k 4 9 4 0.4 2.7
501k-550k 4 9 3 0.4 2.7
551k-600k 6 4 0.1 9
601k-650k 1 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
901k-950k 1 0

Condos 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
126k-150k 2 0.3 0
151k-175k 3 3 0.2 6
176k-200k 5 11 0.4 2.7
201k-225k 16 17 2 0.2 5.6
226k-250k 6 21 3 0.6 1.7
251k-275k 9 14 3 0.3 3.9
276k-300k 7 11 2 0.3 3.8
301k-325k 6 8 1 0.2 4.5
326k-350k 4 8 0.3 3
351k-375k 2 4 0.3 3
376k-400k 3 8 1 0.4 2.3
401k-425k 1 3 0.5 2
426k-450k 2 2 0.2 6
451k-475k 5 1 0.8 0
476k-500k 1 1 1 0.2 6
501k-550k 2 1 0.3 0
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 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 1 1 0.2 6
51k-75k 1 4 1 0.7 1.5
76k-100k 4 0
101k-125k 1 1 0.2 6
126k-150k 3 0
201k-225k 2 3 0.3 4
226k-250k 8 0
251k-275k 2 1 0.1 12
301k-325k 2 0
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 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 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