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
101k-125k 1 1 0.2 0
126k-150k 1 0
151k-175k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 2 10 3 0.8 1.2
226k-250k 4 24 2 1 1
251k-275k 5 16 3 0.5 1.9
276k-300k 14 35 8 0.4 2.4
301k-325k 15 50 10 0.6 1.8
326k-350k 31 63 11 0.3 3
351k-375k 15 70 6 0.8 1.3
376k-400k 46 106 15 0.4 2.6
401k-425k 32 92 12 0.5 2.1
426k-450k 16 67 11 0.7 1.4
451k-475k 16 74 9 0.8 1.3
476k-500k 29 77 12 0.4 2.3
501k-550k 42 122 16 0.5 2.1
551k-600k 20 84 16 0.7 1.4
601k-650k 36 78 9 0.4 2.8
651k-700k 20 70 11 0.6 1.7
701k-750k 17 53 6 0.5 1.9
751k-800k 13 52 5 0.7 1.5
801k-850k 16 37 5 0.4 2.6
851k-900k 15 27 3 0.3 3.3
901k-950k 10 14 1 0.2 4.3
951k-1m 7 12 1 0.3 3.5
1m-1.1m 11 29 2 0.4 2.3
1.1m-1.2m 6 21 3 0.6 1.7
1.2m-1.3m 6 15 2 0.4 2.4
1.3m-1.4m 9 9 0.2 6
1.4m-1.5m 5 11 2 0.4 2.7
1.5m-1.6m 3 3 1 0.2 6
1.6m-1.7m 4 2 0.1 12
1.7m-1.8m 4 2 0.1 12
1.8m-1.9m 4 4 0.2 6
1.9m-2m 4 2 0.1 12
2m-2.25m 4 7 0.3 3.4
2.25m-2.5m 13 5 1 0.1 15.6
2.5m-2.75m 3 0
2.75m-3m 3 2 1 0.1 9
3m-3.5m 2 0
3.5m-4m 1 3 0.5 2
4m-4.5m 1 0
6.01m-7m 1 1 0.2 0
7.01m-8m 1 0

Townhouses 18% 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 1 0.2 6
201k-225k 3 6 0.3 3
226k-250k 5 15 1 0.5 2
251k-275k 3 14 3 0.8 1.3
276k-300k 4 12 0.5 2
301k-325k 11 8 0.1 8.3
326k-350k 8 11 3 0.2 4.4
351k-375k 3 7 1 0.4 2.6
376k-400k 8 18 2 0.4 2.7
401k-425k 10 28 1 0.5 2.1
426k-450k 26 21 3 0.1 7.4
451k-475k 6 12 1 0.3 3
476k-500k 5 8 2 0.3 3.8
501k-550k 5 9 3 0.3 3.3
551k-600k 6 4 0.1 9
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 0
901k-950k 1 0

Condos 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
126k-150k 2 0.3 0
151k-175k 2 1 0.1 12
176k-200k 5 12 2 0.4 2.5
201k-225k 17 15 2 0.1 6.8
226k-250k 5 21 2 0.7 1.4
251k-275k 7 17 6 0.4 2.5
276k-300k 8 10 2 0.2 4.8
301k-325k 7 8 0.2 5.3
326k-350k 4 6 0.3 4
351k-375k 2 4 0.3 3
376k-400k 4 8 0.3 3
401k-425k 2 3 0.3 4
426k-450k 2 2 0.2 6
451k-475k 5 1 0.8 0
476k-500k 1 1 0.2 6
501k-550k 2 1 0.3 0
551k-600k 1 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 1 0.2 0
26k-50k 2 1 0.3 0
51k-75k 1 4 1 0.7 1.5
76k-100k 3 0
101k-125k 1 1 0.2 6
126k-150k 2 1 1 0.1 12
176k-200k 1 0
201k-225k 1 2 0.3 3
226k-250k 8 1 1 0 48
251k-275k 2 1 0.1 12
301k-325k 1 1 1 0.2 6
326k-350k 2 0
351k-375k 3 1 0.1 18
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 3 0
701k-750k 1 1 0.2 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 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