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
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 10 2 1.7 0.6
226k-250k 6 21 3 0.6 1.7
251k-275k 5 18 6 0.6 1.7
276k-300k 13 36 8 0.5 2.2
301k-325k 15 44 5 0.5 2
326k-350k 25 59 8 0.4 2.5
351k-375k 18 67 4 0.6 1.6
376k-400k 35 99 14 0.5 2.1
401k-425k 15 92 13 1 1
426k-450k 12 57 6 0.8 1.3
451k-475k 18 67 7 0.6 1.6
476k-500k 22 66 8 0.5 2
501k-550k 32 115 7 0.6 1.7
551k-600k 25 74 8 0.5 2
601k-650k 34 69 10 0.3 3
651k-700k 20 65 3 0.5 1.8
701k-750k 14 48 6 0.6 1.8
751k-800k 14 43 2 0.5 2
801k-850k 16 33 2 0.3 2.9
851k-900k 12 24 3 0.3 3
901k-950k 7 16 5 0.4 2.6
951k-1m 9 8 0.1 6.8
1m-1.1m 11 27 4 0.4 2.4
1.1m-1.2m 5 15 1 0.5 2
1.2m-1.3m 9 12 1 0.2 4.5
1.3m-1.4m 7 8 1 0.2 5.3
1.4m-1.5m 5 11 1 0.4 2.7
1.5m-1.6m 6 1 0 36
1.6m-1.7m 3 2 1 0.1 9
1.7m-1.8m 2 3 1 0.3 4
1.8m-1.9m 4 3 0.1 8
1.9m-2m 3 3 1 0.2 6
2m-2.25m 3 3 0.2 6
2.25m-2.5m 15 5 1 0.1 18
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 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
151k-175k 1 0
176k-200k 4 1 0 24
201k-225k 3 2 1 0.1 9
226k-250k 7 17 3 0.4 2.5
251k-275k 5 9 0.3 3.3
276k-300k 2 11 1 0.9 1.1
301k-325k 7 12 5 0.3 3.5
326k-350k 8 7 1 0.1 6.9
351k-375k 1 5 0.8 1.2
376k-400k 5 19 3 0.6 1.6
401k-425k 12 25 1 0.3 2.9
426k-450k 22 23 5 0.2 5.7
451k-475k 6 10 1 0.3 3.6
476k-500k 4 4 0.2 6
501k-550k 6 9 0.3 4
551k-600k 4 4 0.2 6
601k-650k 3 0
651k-700k 1 2 0.3 3
701k-750k 1 1 0.2 6
751k-800k 2 0.3 0
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 1 0.5 2.2
201k-225k 13 14 2 0.2 5.6
226k-250k 5 22 1 0.7 1.4
251k-275k 6 16 4 0.4 2.3
276k-300k 4 12 2 0.5 2
301k-325k 6 6 0.2 6
326k-350k 4 5 0.2 4.8
351k-375k 2 4 1 0.3 3
376k-400k 4 9 1 0.4 2.7
401k-425k 3 1 0.5 0
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 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
1k-25k 2 0.3 0
26k-50k 1 0.2 0
51k-75k 2 4 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 2 0.3 3
226k-250k 8 2 1 0 24
251k-275k 3 0
301k-325k 1 1 0.2 6
326k-350k 1 0
351k-375k 2 3 2 0.3 4
376k-400k 1 0
401k-425k 1 1 0.2 0
476k-500k 1 1 0.2 6
501k-550k 2 3 0.3 4
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 1 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