Absorption Report

Richmond Hill, Parkside


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 Since 12/31 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
26k-50k 1 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 0
151k-175k 1 8 1 1.3 0.8
176k-200k 1 6 1 1
201k-225k 2 13 1 1.1 0.9
226k-250k 3 15 1 0.8 1.2
251k-275k 17 53 6 0.5 1.9
276k-300k 31 76 8 0.4 2.4
301k-325k 21 71 11 0.6 1.8
326k-350k 31 98 14 0.5 1.9
351k-375k 49 99 13 0.3 3
376k-400k 76 131 24 0.3 3.5
401k-425k 55 70 6 0.2 4.7
426k-450k 33 69 9 0.3 2.9
451k-475k 29 44 7 0.3 4
476k-500k 15 42 12 0.5 2.1
501k-550k 26 41 11 0.3 3.8
551k-600k 16 31 4 0.3 3.1
601k-650k 13 5 2 0.1 15.6
651k-700k 4 2 0.1 12
701k-750k 4 9 0.4 2.7
751k-800k 3 0
801k-850k 4 1 0.7 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 0
1.3m-1.4m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
3m-3.5m 1 0

Townhouses 13% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
201k-225k 1 0
251k-275k 2 0
276k-300k 2 0
301k-325k 1 3 1 0.5 2
326k-350k 1 0

Condos NAN% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
251k-275k 2 0.3 0

Land 14% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 10 2 0 30
51k-75k 9 9 1 0.2 6
76k-100k 5 3 1 0.1 10
101k-125k 6 2 0.1 18
126k-150k 3 1 0.1 18
151k-175k 2 3 1 0.3 4
176k-200k 7 1 0 42
201k-225k 3 0
226k-250k 5 1 0 30
251k-275k 3 0
276k-300k 2 1 0.1 12
301k-325k 1 1 1 0.2 6
326k-350k 1 0.2 0
376k-400k 1 1 0.2 6
426k-450k 2 0
451k-475k 1 0
501k-550k 1 1 0.2 6
551k-600k 3 0
701k-750k 1 0.2 0
751k-800k 1 0
801k-850k 1 0
951k-1m 2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 2 0.3 3
3m-3.5m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
6.01m-7m 1 0