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 32% 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 10 2 1.7 0
226k-250k 3 22 2 1.2 0.8
251k-275k 5 18 6 0.6 1.7
276k-300k 19 31 5 0.3 3.7
301k-325k 15 48 5 0.5 1.9
326k-350k 28 64 8 0.4 2.6
351k-375k 18 70 2 0.6 1.5
376k-400k 47 104 11 0.4 2.7
401k-425k 22 93 16 0.7 1.4
426k-450k 16 61 6 0.6 1.6
451k-475k 16 69 7 0.7 1.4
476k-500k 25 68 10 0.5 2.2
501k-550k 31 120 12 0.6 1.6
551k-600k 19 82 11 0.7 1.4
601k-650k 31 73 10 0.4 2.5
651k-700k 23 65 6 0.5 2.1
701k-750k 14 48 5 0.6 1.8
751k-800k 13 46 1 0.6 1.7
801k-850k 17 37 2 0.4 2.8
851k-900k 12 25 3 0.3 2.9
901k-950k 10 16 5 0.3 3.8
951k-1m 7 10 1 0.2 4.2
1m-1.1m 12 27 2 0.4 2.7
1.1m-1.2m 5 18 2 0.6 1.7
1.2m-1.3m 6 14 1 0.4 2.6
1.3m-1.4m 8 9 1 0.2 5.3
1.4m-1.5m 5 10 1 0.3 3
1.5m-1.6m 4 2 0.1 12
1.6m-1.7m 3 3 1 0.2 6
1.7m-1.8m 3 3 1 0.2 6
1.8m-1.9m 3 3 0.2 6
1.9m-2m 3 3 1 0.2 6
2m-2.25m 4 4 0.2 6
2.25m-2.5m 15 5 1 0.1 18
2.5m-2.75m 3 0
2.75m-3m 2 2 0.2 6
3m-3.5m 2 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 19% 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 2 4 1 0.3 3
226k-250k 10 15 0.3 4
251k-275k 6 10 0.3 3.6
276k-300k 3 10 0.6 1.8
301k-325k 10 8 1 0.1 7.5
326k-350k 9 7 2 0.1 7.7
351k-375k 2 5 0.4 2.4
376k-400k 8 20 4 0.4 2.4
401k-425k 9 25 0.5 2.2
426k-450k 24 25 5 0.2 5.8
451k-475k 7 11 1 0.3 3.8
476k-500k 4 5 0.2 4.8
501k-550k 6 9 1 0.3 4
551k-600k 5 4 0.1 7.5
601k-650k 2 0
651k-700k 1 2 0.3 3
701k-750k 1 1 0.2 6
751k-800k 1 2 0.3 3
801k-850k 1 3 0.5 2
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 5 12 2 0.4 2.5
201k-225k 17 15 1 0.1 6.8
226k-250k 5 22 1 0.7 1.4
251k-275k 6 19 7 0.5 1.9
276k-300k 6 12 2 0.3 3
301k-325k 5 7 0.2 4.3
326k-350k 4 6 0.3 4
351k-375k 2 4 1 0.3 3
376k-400k 4 9 1 0.4 2.7
401k-425k 4 1 0.7 0
426k-450k 2 2 0.2 6
451k-475k 4 0.7 0
476k-500k 1 1 0.2 6
501k-550k 1 1 0.2 6
551k-600k 1 1 0.2 6
801k-850k 1 0.2 0

Land 23% 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 1 0.3 0
26k-50k 1 0.2 0
51k-75k 2 4 1 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 1 0.2 6
226k-250k 8 1 1 0 48
251k-275k 2 1 0.1 12
276k-300k 1 1 0.2 0
301k-325k 1 1 0.2 6
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 1 0.2 6
651k-700k 2 0
701k-750k 1 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 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