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 31% 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 9 2 1.5 0
226k-250k 3 26 3 1.4 0.7
251k-275k 7 15 1 0.4 2.8
276k-300k 19 30 3 0.3 3.8
301k-325k 16 47 10 0.5 2
326k-350k 33 60 6 0.3 3.3
351k-375k 17 71 7 0.7 1.4
376k-400k 46 106 20 0.4 2.6
401k-425k 28 91 11 0.5 1.8
426k-450k 19 77 11 0.7 1.5
451k-475k 18 72 9 0.7 1.5
476k-500k 28 79 13 0.5 2.1
501k-550k 44 128 14 0.5 2.1
551k-600k 22 86 15 0.7 1.5
601k-650k 37 81 8 0.4 2.7
651k-700k 22 70 12 0.5 1.9
701k-750k 22 53 6 0.4 2.5
751k-800k 15 59 7 0.7 1.5
801k-850k 17 38 6 0.4 2.7
851k-900k 14 27 2 0.3 3.1
901k-950k 8 14 1 0.3 3.4
951k-1m 7 16 3 0.4 2.6
1m-1.1m 11 28 0.4 2.4
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 6 11 2 0.3 3.3
1.5m-1.6m 3 3 1 0.2 6
1.6m-1.7m 3 3 0.2 6
1.7m-1.8m 3 2 1 0.1 9
1.8m-1.9m 5 3 1 0.1 10
1.9m-2m 4 4 0.2 6
2m-2.25m 2 9 0.8 1.3
2.25m-2.5m 11 4 0.1 16.5
2.5m-2.75m 2 1 1 0.1 12
2.75m-3m 3 3 1 0.2 6
3m-3.5m 1 0
3.5m-4m 2 3 1 0.3 4
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 3 1 0.1 18
201k-225k 3 7 0.4 2.6
226k-250k 4 16 2 0.7 1.5
251k-275k 3 14 2 0.8 1.3
276k-300k 4 12 0.5 2
301k-325k 8 8 2 0.2 6
326k-350k 7 12 3 0.3 3.5
351k-375k 2 7 0.6 1.7
376k-400k 6 18 2 0.5 2
401k-425k 11 31 4 0.5 2.1
426k-450k 23 21 5 0.2 6.6
451k-475k 6 12 0.3 3
476k-500k 3 9 4 0.5 2
501k-550k 5 8 2 0.3 3.8
551k-600k 6 4 0.1 9
601k-650k 1 0
651k-700k 1 2 0.3 3
701k-750k 2 1 0.1 12
751k-800k 1 2 0.3 3
801k-850k 3 0.5 0
901k-950k 1 0

Condos 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
126k-150k 2 0.3 0
151k-175k 3 3 0.2 6
176k-200k 5 12 0.4 2.5
201k-225k 14 17 2 0.2 4.9
226k-250k 6 21 3 0.6 1.7
251k-275k 8 15 4 0.3 3.2
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 3 1 0.5 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 3 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