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
26k-50k 1 1 0.2 6
76k-100k 1 0.2 0
101k-125k 1 1 1 0.2 6
126k-150k 4 1 0.7 0
151k-175k 1 8 1.3 0.8
176k-200k 1 20 3 3.3 0.3
201k-225k 2 27 4 2.3 0.4
226k-250k 14 67 10 0.8 1.3
251k-275k 29 70 10 0.4 2.5
276k-300k 56 109 16 0.3 3.1
301k-325k 54 153 16 0.5 2.1
326k-350k 77 215 29 0.5 2.1
351k-375k 80 193 14 0.4 2.5
376k-400k 111 249 30 0.4 2.7
401k-425k 88 198 25 0.4 2.7
426k-450k 54 159 15 0.5 2
451k-475k 53 145 18 0.5 2.2
476k-500k 74 145 13 0.3 3.1
501k-550k 85 238 28 0.5 2.1
551k-600k 66 191 22 0.5 2.1
601k-650k 65 149 20 0.4 2.6
651k-700k 53 134 14 0.4 2.4
701k-750k 41 110 14 0.4 2.2
751k-800k 38 90 4 0.4 2.5
801k-850k 31 65 5 0.3 2.9
851k-900k 30 48 4 0.3 3.8
901k-950k 21 27 6 0.2 4.7
951k-1m 20 30 3 0.3 4
1m-1.1m 21 45 5 0.4 2.8
1.1m-1.2m 18 27 3 0.3 4
1.2m-1.3m 17 21 3 0.2 4.9
1.3m-1.4m 12 17 3 0.2 4.2
1.4m-1.5m 9 12 2 0.2 4.5
1.5m-1.6m 8 8 0.2 6
1.6m-1.7m 6 8 3 0.2 4.5
1.7m-1.8m 6 5 1 0.1 7.2
1.8m-1.9m 7 5 0.1 8.4
1.9m-2m 7 3 1 0.1 14
2m-2.25m 5 5 0.2 6
2.25m-2.5m 18 6 1 0.1 18
2.5m-2.75m 5 0
2.75m-3m 3 2 0.1 9
3m-3.5m 3 0
3.5m-4m 3 3 0.2 6
4m-4.5m 2 0
6.01m-7m 1 0.2 0
7.01m-8m 1 0

Townhouses 22% 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
76k-100k 1 0.2 0
101k-125k 4 0.7 0
126k-150k 1 0
151k-175k 2 1 0.1 12
176k-200k 9 6 1 0.1 9
201k-225k 8 15 1 0.3 3.2
226k-250k 28 24 3 0.1 7
251k-275k 15 29 3 0.3 3.1
276k-300k 22 40 3 0.3 3.3
301k-325k 25 47 6 0.3 3.2
326k-350k 28 54 7 0.3 3.1
351k-375k 25 41 5 0.3 3.7
376k-400k 42 73 13 0.3 3.5
401k-425k 40 65 10 0.3 3.7
426k-450k 50 55 9 0.2 5.5
451k-475k 26 39 4 0.3 4
476k-500k 29 34 2 0.2 5.1
501k-550k 39 33 2 0.1 7.1
551k-600k 24 23 2 0.2 6.3
601k-650k 9 9 1 0.2 6
651k-700k 6 12 1 0.3 3
701k-750k 7 9 1 0.2 4.7
751k-800k 2 4 0.3 3
801k-850k 3 4 1 0.2 4.5
851k-900k 2 5 2 0.4 2.4
901k-950k 1 3 0.5 2
951k-1m 1 4 0.7 1.5
1m-1.1m 2 1 0.3 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0.2 0

Condos 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
101k-125k 1 0.2 0
126k-150k 3 0.5 0
151k-175k 3 2 1 0.1 9
176k-200k 8 23 2 0.5 2.1
201k-225k 35 26 2 0.1 8.1
226k-250k 26 39 4 0.3 4
251k-275k 22 34 10 0.3 3.9
276k-300k 15 27 6 0.3 3.3
301k-325k 16 26 1 0.3 3.7
326k-350k 21 22 1 0.2 5.7
351k-375k 7 11 3 0.3 3.8
376k-400k 7 21 3 0.5 2
401k-425k 2 10 2 0.8 1.2
426k-450k 3 3 0.2 6
451k-475k 4 7 0.3 3.4
476k-500k 7 5 1 0.1 8.4
501k-550k 8 5 2 0.1 9.6
551k-600k 2 3 0.3 4
601k-650k 1 3 0.5 2
651k-700k 1 0
701k-750k 1 0
751k-800k 2 0.3 0
801k-850k 1 1 0.2 6
851k-900k 1 0.2 0
951k-1m 1 0.2 0
1m-1.1m 1 0.2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0.2 0

Land 23% 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 4 4 1 0.2 6
26k-50k 4 11 2 0.5 2.2
51k-75k 10 6 1 0.1 10
76k-100k 6 4 2 0.1 9
101k-125k 4 3 2 0.1 8
126k-150k 6 6 1 0.2 6
151k-175k 8 3 0.1 16
176k-200k 6 5 1 0.1 7.2
201k-225k 2 3 0.3 4
226k-250k 14 3 1 0 28
251k-275k 4 0
276k-300k 2 1 1 0.1 12
301k-325k 3 2 0.1 9
326k-350k 5 0
351k-375k 4 3 1 0.1 8
376k-400k 3 2 1 0.1 9
401k-425k 3 2 0.1 9
426k-450k 1 0.2 0
451k-475k 2 2 0.2 6
476k-500k 3 1 0.1 18
501k-550k 6 6 1 0.2 6
551k-600k 3 0
601k-650k 3 2 0.1 9
651k-700k 3 0
701k-750k 4 2 1 0.1 12
751k-800k 1 1 0.2 6
801k-850k 1 4 1 0.7 1.5
851k-900k 3 0
901k-950k 1 3 0.5 2
951k-1m 3 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.7m-1.8m 3 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3.5m-4m 2 0
4.5m-5m 1 0