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
201k-225k 1 0.2 0
226k-250k 3 0.5 0
251k-275k 5 2 0.8 0
276k-300k 10 1 1.7 0
301k-325k 6 21 3 0.6 1.7
326k-350k 5 34 5 1.1 0.9
351k-375k 6 35 1 1 1
376k-400k 10 58 7 1 1
401k-425k 13 65 7 0.8 1.2
426k-450k 14 56 8 0.7 1.5
451k-475k 10 28 3 0.5 2.1
476k-500k 11 33 2 0.5 2
501k-550k 22 60 9 0.5 2.2
551k-600k 18 55 9 0.5 2
601k-650k 24 36 6 0.3 4
651k-700k 18 41 5 0.4 2.6
701k-750k 11 18 1 0.3 3.7
751k-800k 12 16 0.2 4.5
801k-850k 8 20 3 0.4 2.4
851k-900k 9 14 1 0.3 3.9
901k-950k 10 11 1 0.2 5.5
951k-1m 4 10 1 0.4 2.4
1m-1.1m 4 6 0.3 4
1.1m-1.2m 4 10 2 0.4 2.4
1.2m-1.3m 2 2 1 0.2 6
1.3m-1.4m 1 5 2 0.8 1.2
1.4m-1.5m 1 1 1 0.2 6
1.5m-1.6m 2 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 2 0
2.5m-2.75m 1 0
5.01m-6m 1 0

Townhouses 38% 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
251k-275k 1 4 0.7 1.5
276k-300k 3 0.5 0
301k-325k 3 0.5 0
326k-350k 3 13 1 0.7 1.4
351k-375k 4 8 1 0.3 3
376k-400k 4 9 0.4 2.7
401k-425k 8 1.3 0
426k-450k 5 8 1 0.3 3.8
451k-475k 3 7 1 0.4 2.6
476k-500k 4 10 0.4 2.4
501k-550k 6 8 3 0.2 4.5
551k-600k 4 10 3 0.4 2.4
601k-650k 1 0.2 0
651k-700k 5 2 0.1 15
701k-750k 3 3 1 0.2 6
751k-800k 5 0.8 0
801k-850k 1 2 0.3 3
851k-900k 3 1 0.5 0
951k-1m 1 0.2 0
1m-1.1m 2 0.3 0

Condos 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
226k-250k 1 1 1 0.2 6
301k-325k 1 1 1 0.2 6
326k-350k 1 0.2 0
351k-375k 1 0.2 0
376k-400k 2 0.3 0
401k-425k 3 1 0.5 0
426k-450k 3 0.5 0
451k-475k 1 0
476k-500k 3 0.5 0
501k-550k 1 0
551k-600k 1 0
751k-800k 1 0
851k-900k 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2.75m-3m 1 0

Land 15% 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
26k-50k 3 2 0.1 9
51k-75k 1 0.2 0
76k-100k 2 0
126k-150k 2 0
151k-175k 3 0
176k-200k 1 1 0.2 6
226k-250k 1 1 0.2 6
251k-275k 3 0
276k-300k 1 0.2 0
301k-325k 1 0
376k-400k 4 0.7 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
651k-700k 4 0
701k-750k 1 0
751k-800k 2 0
1.8m-1.9m 1 0.2 0
2.25m-2.5m 1 0
3m-3.5m 1 0
4.5m-5m 1 0.2 0