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
201k-225k 1 0.2 0
226k-250k 3 0.5 0
251k-275k 5 1 0.8 0
276k-300k 1 10 1 1.7 0.6
301k-325k 4 22 4 0.9 1.1
326k-350k 5 33 4 1.1 0.9
351k-375k 6 34 1 0.9 1.1
376k-400k 12 57 6 0.8 1.3
401k-425k 16 63 5 0.7 1.5
426k-450k 12 55 9 0.8 1.3
451k-475k 11 27 3 0.4 2.4
476k-500k 10 29 2 0.5 2.1
501k-550k 25 61 10 0.4 2.5
551k-600k 15 56 10 0.6 1.6
601k-650k 27 35 5 0.2 4.6
651k-700k 18 40 5 0.4 2.7
701k-750k 9 17 1 0.3 3.2
751k-800k 10 15 0.3 4
801k-850k 8 20 3 0.4 2.4
851k-900k 8 15 2 0.3 3.2
901k-950k 10 11 1 0.2 5.5
951k-1m 3 10 1 0.6 1.8
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 4 1 0.7 1.5
1.4m-1.5m 2 1 0.3 0
1.5m-1.6m 1 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
4.5m-5m 1 0

Townhouses 37% 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 12 1 0.7 1.5
351k-375k 7 7 0.2 6
376k-400k 4 8 0.3 3
401k-425k 8 1.3 0
426k-450k 5 7 1 0.2 4.3
451k-475k 2 9 3 0.8 1.3
476k-500k 4 10 0.4 2.4
501k-550k 5 7 3 0.2 4.3
551k-600k 4 10 3 0.4 2.4
601k-650k 1 1 0.2 6
651k-700k 5 2 0.1 15
701k-750k 3 3 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 0.2 6
326k-350k 1 0.2 0
351k-375k 1 0.2 0
376k-400k 1 0.2 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