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 33% 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 2 22 2 1.8 0.5
251k-275k 6 18 6 0.5 2
276k-300k 17 32 6 0.3 3.2
301k-325k 14 49 6 0.6 1.7
326k-350k 24 65 9 0.5 2.2
351k-375k 19 70 2 0.6 1.6
376k-400k 46 103 12 0.4 2.7
401k-425k 21 93 15 0.7 1.4
426k-450k 15 62 6 0.7 1.5
451k-475k 16 69 6 0.7 1.4
476k-500k 25 68 9 0.5 2.2
501k-550k 30 119 12 0.7 1.5
551k-600k 20 81 10 0.7 1.5
601k-650k 30 73 11 0.4 2.5
651k-700k 22 66 6 0.5 2
701k-750k 12 50 7 0.7 1.4
751k-800k 12 47 2 0.7 1.5
801k-850k 17 36 2 0.4 2.8
851k-900k 14 24 2 0.3 3.5
901k-950k 8 16 5 0.3 3
951k-1m 8 8 0.2 6
1m-1.1m 12 27 2 0.4 2.7
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 8 9 1 0.2 5.3
1.4m-1.5m 5 9 1 0.3 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 14 5 1 0.1 16.8
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 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
151k-175k 1 0
176k-200k 4 1 0 24
201k-225k 3 4 1 0.2 4.5
226k-250k 9 15 1 0.3 3.6
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 7 20 4 0.5 2.1
401k-425k 9 25 0.5 2.2
426k-450k 24 24 5 0.2 6
451k-475k 7 11 1 0.3 3.8
476k-500k 4 5 0.2 4.8
501k-550k 6 9 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 2 0.3 3
851k-900k 1 1 0.2 0

Condos 26% 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 18 7 0.5 2
276k-300k 6 12 2 0.3 3
301k-325k 5 6 0.2 5
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 0
551k-600k 1 1 0.2 6
801k-850k 1 0.2 0

Land 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
1k-25k 2 1 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 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