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 4 23 5 1 1
251k-275k 8 19 3 0.4 2.5
276k-300k 20 32 4 0.3 3.8
301k-325k 17 48 10 0.5 2.1
326k-350k 32 63 8 0.3 3
351k-375k 21 72 10 0.6 1.8
376k-400k 45 108 27 0.4 2.5
401k-425k 30 88 10 0.5 2
426k-450k 22 76 12 0.6 1.7
451k-475k 18 71 7 0.7 1.5
476k-500k 32 79 15 0.4 2.4
501k-550k 49 134 21 0.5 2.2
551k-600k 24 85 12 0.6 1.7
601k-650k 39 88 6 0.4 2.7
651k-700k 23 71 12 0.5 1.9
701k-750k 21 56 9 0.4 2.3
751k-800k 18 61 8 0.6 1.8
801k-850k 17 38 5 0.4 2.7
851k-900k 14 30 4 0.4 2.8
901k-950k 9 14 1 0.3 3.9
951k-1m 10 19 4 0.3 3.2
1m-1.1m 9 31 1 0.6 1.7
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 12 1 0.3 4
1.4m-1.5m 6 11 2 0.3 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 3 1 0.1 8
1.8m-1.9m 6 2 1 0.1 18
1.9m-2m 3 5 1 0.3 3.6
2m-2.25m 4 9 1 0.4 2.7
2.25m-2.5m 13 4 0.1 19.5
2.5m-2.75m 1 1 1 0.2 6
2.75m-3m 2 3 1 0.3 4
3m-3.5m 1 0
3.5m-4m 2 2 0.2 6
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 5 0.6 1.7
251k-275k 3 13 1 0.7 1.4
276k-300k 3 14 0.8 1.3
301k-325k 9 8 2 0.1 6.8
326k-350k 8 12 1 0.3 4
351k-375k 3 7 0.4 2.6
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 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 22% 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 6 12 0.3 3
201k-225k 15 19 2 0.2 4.7
226k-250k 6 23 5 0.6 1.6
251k-275k 9 16 4 0.3 3.4
276k-300k 8 12 1 0.3 4
301k-325k 5 8 1 0.3 3.8
326k-350k 4 9 0.4 2.7
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 1 0.3 4
226k-250k 7 0
251k-275k 2 1 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 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