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 36% 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 1 0.2 0
126k-150k 1 1 0.2 0
151k-175k 1 0.2 0
176k-200k 2 0.3 0
201k-225k 11 3 1.8 0
226k-250k 3 21 2 1.2 0.9
251k-275k 6 18 6 0.5 2
276k-300k 14 33 7 0.4 2.5
301k-325k 14 48 6 0.6 1.8
326k-350k 22 64 9 0.5 2.1
351k-375k 17 69 3 0.7 1.5
376k-400k 39 104 15 0.4 2.3
401k-425k 19 94 14 0.8 1.2
426k-450k 13 61 5 0.8 1.3
451k-475k 18 65 6 0.6 1.7
476k-500k 19 67 9 0.6 1.7
501k-550k 29 117 11 0.7 1.5
551k-600k 19 81 11 0.7 1.4
601k-650k 30 72 11 0.4 2.5
651k-700k 19 67 6 0.6 1.7
701k-750k 12 48 7 0.7 1.5
751k-800k 11 46 2 0.7 1.4
801k-850k 16 36 2 0.4 2.7
851k-900k 10 24 3 0.4 2.5
901k-950k 8 16 6 0.3 3
951k-1m 7 8 0.2 5.3
1m-1.1m 8 28 4 0.6 1.7
1.1m-1.2m 5 17 2 0.6 1.8
1.2m-1.3m 8 14 1 0.3 3.4
1.3m-1.4m 7 8 1 0.2 5.3
1.4m-1.5m 4 10 2 0.4 2.4
1.5m-1.6m 5 2 0.1 15
1.6m-1.7m 3 2 1 0.1 9
1.7m-1.8m 2 3 1 0.3 4
1.8m-1.9m 3 3 0.2 6
1.9m-2m 3 3 1 0.2 6
2m-2.25m 3 3 0.2 6
2.25m-2.5m 14 5 1 0.1 16.8
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 3 1 0.1 18
201k-225k 3 4 1 0.2 4.5
226k-250k 9 15 1 0.3 3.6
251k-275k 5 10 0.3 3
276k-300k 3 10 0.6 1.8
301k-325k 8 10 3 0.2 4.8
326k-350k 8 7 2 0.1 6.9
351k-375k 1 5 0.8 1.2
376k-400k 5 20 3 0.7 1.5
401k-425k 9 25 1 0.5 2.2
426k-450k 23 23 5 0.2 6
451k-475k 7 11 1 0.3 3.8
476k-500k 4 4 0.2 6
501k-550k 6 9 0.3 4
551k-600k 4 4 0.2 6
601k-650k 2 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 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
126k-150k 2 0.3 0
151k-175k 1 1 1 0.2 6
176k-200k 4 12 2 0.5 2
201k-225k 14 14 1 0.2 6
226k-250k 5 21 1 0.7 1.4
251k-275k 7 17 5 0.4 2.5
276k-300k 3 12 2 0.7 1.5
301k-325k 5 6 0.2 5
326k-350k 4 6 0.3 4
351k-375k 1 4 1 0.7 1.5
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 2 0
301k-325k 1 1 0.2 6
326k-350k 2 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 1 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