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 9 2 1.5 0
226k-250k 3 23 4 1.3 0.8
251k-275k 7 20 3 0.5 2.1
276k-300k 21 31 4 0.2 4.1
301k-325k 18 49 9 0.5 2.2
326k-350k 32 64 10 0.3 3
351k-375k 18 74 12 0.7 1.5
376k-400k 46 105 24 0.4 2.6
401k-425k 30 88 10 0.5 2
426k-450k 22 75 12 0.6 1.8
451k-475k 17 72 8 0.7 1.4
476k-500k 31 79 14 0.4 2.4
501k-550k 47 132 21 0.5 2.1
551k-600k 23 87 14 0.6 1.6
601k-650k 37 87 6 0.4 2.6
651k-700k 23 71 11 0.5 1.9
701k-750k 21 56 9 0.4 2.3
751k-800k 15 60 8 0.7 1.5
801k-850k 18 38 5 0.4 2.8
851k-900k 13 30 3 0.4 2.6
901k-950k 10 14 1 0.2 4.3
951k-1m 8 19 4 0.4 2.5
1m-1.1m 12 31 0.4 2.3
1.1m-1.2m 6 21 0.6 1.7
1.2m-1.3m 7 15 1 0.4 2.8
1.3m-1.4m 8 11 1 0.2 4.4
1.4m-1.5m 5 12 3 0.4 2.5
1.5m-1.6m 4 3 1 0.1 8
1.6m-1.7m 5 3 0.1 10
1.7m-1.8m 4 3 1 0.1 8
1.8m-1.9m 6 3 2 0.1 12
1.9m-2m 3 4 0.2 4.5
2m-2.25m 3 9 1 0.5 2
2.25m-2.5m 12 4 0.1 18
2.5m-2.75m 1 1 1 0.2 6
2.75m-3m 3 3 1 0.2 6
3m-3.5m 1 0
3.5m-4m 3 2 0.1 9
4m-4.5m 1 0
6.01m-7m 1 1 0.2 0
7.01m-8m 1 0

Townhouses 27% 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 0.2 6
201k-225k 3 8 0.4 2.3
226k-250k 5 18 4 0.6 1.7
251k-275k 3 13 1 0.7 1.4
276k-300k 3 14 0.8 1.3
301k-325k 10 8 2 0.1 7.5
326k-350k 8 12 2 0.3 4
351k-375k 2 7 0.6 1.7
376k-400k 5 18 2 0.6 1.7
401k-425k 12 31 6 0.4 2.3
426k-450k 25 23 7 0.2 6.5
451k-475k 6 12 0.3 3
476k-500k 4 8 3 0.3 3
501k-550k 7 7 1 0.2 6
551k-600k 6 4 0.1 9
601k-650k 1 0
651k-700k 1 2 0.3 3
701k-750k 2 1 1 0.1 12
751k-800k 1 2 0.3 3
801k-850k 3 0.5 0
901k-950k 1 0

Condos 20% 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 2 5 0.4 2.4
176k-200k 5 12 0.4 2.5
201k-225k 16 19 2 0.2 5.1
226k-250k 6 23 4 0.6 1.6
251k-275k 9 16 4 0.3 3.4
276k-300k 7 13 2 0.3 3.2
301k-325k 5 8 1 0.3 3.8
326k-350k 4 8 0.3 3
351k-375k 2 5 1 0.4 2.4
376k-400k 3 8 1 0.4 2.3
401k-425k 2 2 0.2 6
426k-450k 2 2 0.2 6
451k-475k 1 4 0.7 1.5
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 1 0.2 6
51k-75k 2 3 0.3 4
76k-100k 4 0
101k-125k 1 1 0.2 6
126k-150k 1 1 1 0.2 6
151k-175k 1 0
201k-225k 2 3 0.3 4
226k-250k 7 0
251k-275k 2 1 0.1 12
301k-325k 2 0
326k-350k 2 0
351k-375k 2 1 0.1 12
376k-400k 1 0
401k-425k 2 0
476k-500k 1 1 0.2 6
501k-550k 4 3 0.1 8
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 2 0.3 0
1.1m-1.2m 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