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 3 24 3 1.3 0.8
251k-275k 8 18 2 0.4 2.7
276k-300k 20 31 3 0.3 3.9
301k-325k 17 51 9 0.5 2
326k-350k 33 63 7 0.3 3.1
351k-375k 17 74 11 0.7 1.4
376k-400k 47 106 23 0.4 2.7
401k-425k 30 88 10 0.5 2
426k-450k 22 75 10 0.6 1.8
451k-475k 20 71 7 0.6 1.7
476k-500k 30 80 16 0.4 2.3
501k-550k 47 131 19 0.5 2.2
551k-600k 22 88 15 0.7 1.5
601k-650k 38 85 7 0.4 2.7
651k-700k 21 71 12 0.6 1.8
701k-750k 21 55 9 0.4 2.3
751k-800k 15 59 8 0.7 1.5
801k-850k 18 38 5 0.4 2.8
851k-900k 14 30 3 0.4 2.8
901k-950k 9 14 1 0.3 3.9
951k-1m 7 19 4 0.5 2.2
1m-1.1m 11 30 0.5 2.2
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 4 0.1 7.5
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 13 4 0.1 19.5
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 3 2 0.1 9
201k-225k 3 7 0.4 2.6
226k-250k 5 18 3 0.6 1.7
251k-275k 3 14 1 0.8 1.3
276k-300k 4 13 0.5 1.8
301k-325k 9 8 2 0.1 6.8
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 11 31 6 0.5 2.1
426k-450k 25 23 7 0.2 6.5
451k-475k 6 12 0.3 3
476k-500k 3 9 4 0.5 2
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 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 3 4 0.2 4.5
176k-200k 5 12 0.4 2.5
201k-225k 16 19 2 0.2 5.1
226k-250k 6 23 3 0.6 1.6
251k-275k 9 16 4 0.3 3.4
276k-300k 6 13 2 0.4 2.8
301k-325k 6 8 1 0.2 4.5
326k-350k 4 8 0.3 3
351k-375k 2 4 1 0.3 3
376k-400k 3 8 1 0.4 2.3
401k-425k 1 3 1 0.5 2
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 11% 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 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