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 29% 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 2 25 4 2.1 0.5
251k-275k 8 16 2 0.3 3
276k-300k 19 31 4 0.3 3.7
301k-325k 17 52 9 0.5 2
326k-350k 32 63 7 0.3 3
351k-375k 16 73 10 0.8 1.3
376k-400k 48 106 21 0.4 2.7
401k-425k 28 90 10 0.5 1.9
426k-450k 20 77 12 0.6 1.6
451k-475k 19 72 8 0.6 1.6
476k-500k 31 79 14 0.4 2.4
501k-550k 45 131 18 0.5 2.1
551k-600k 25 88 15 0.6 1.7
601k-650k 36 84 9 0.4 2.6
651k-700k 22 70 12 0.5 1.9
701k-750k 22 55 6 0.4 2.4
751k-800k 15 60 7 0.7 1.5
801k-850k 18 37 4 0.3 2.9
851k-900k 14 30 3 0.4 2.8
901k-950k 8 14 1 0.3 3.4
951k-1m 7 17 4 0.4 2.5
1m-1.1m 11 28 0.4 2.4
1.1m-1.2m 7 18 0.4 2.3
1.2m-1.3m 7 15 1 0.4 2.8
1.3m-1.4m 8 10 1 0.2 4.8
1.4m-1.5m 6 12 3 0.3 3
1.5m-1.6m 4 3 1 0.1 8
1.6m-1.7m 5 3 0.1 10
1.7m-1.8m 4 2 1 0.1 12
1.8m-1.9m 5 3 2 0.1 10
1.9m-2m 4 4 0.2 6
2m-2.25m 2 9 1 0.8 1.3
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 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 24% 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 4 2 0.1 12
201k-225k 3 7 0.4 2.6
226k-250k 5 17 2 0.6 1.8
251k-275k 3 15 2 0.8 1.2
276k-300k 4 13 0.5 1.8
301k-325k 8 8 2 0.2 6
326k-350k 8 12 2 0.3 4
351k-375k 2 7 0.6 1.7
376k-400k 6 18 2 0.5 2
401k-425k 10 31 6 0.5 1.9
426k-450k 25 23 6 0.2 6.5
451k-475k 6 12 0.3 3
476k-500k 3 9 4 0.5 2
501k-550k 6 8 2 0.2 4.5
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 4 0.2 4.5
176k-200k 5 12 0.4 2.5
201k-225k 16 17 2 0.2 5.6
226k-250k 6 22 3 0.6 1.6
251k-275k 9 16 4 0.3 3.4
276k-300k 6 12 2 0.3 3
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 13% 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 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 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 3 0.5 0
1.3m-1.4m 1 0
1.7m-1.8m 1 0
2.75m-3m 1 0
3.5m-4m 2 0