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 31% 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 2 1 1 0.1 12
126k-150k 1 4 1 0.7 1.5
151k-175k 1 8 1.3 0.8
176k-200k 1 20 3 3.3 0.3
201k-225k 1 29 6 4.8 0.2
226k-250k 14 65 10 0.8 1.3
251k-275k 29 71 9 0.4 2.5
276k-300k 52 113 19 0.4 2.8
301k-325k 58 147 14 0.4 2.4
326k-350k 74 210 27 0.5 2.1
351k-375k 80 192 15 0.4 2.5
376k-400k 108 251 34 0.4 2.6
401k-425k 82 198 26 0.4 2.5
426k-450k 52 160 18 0.5 2
451k-475k 53 145 20 0.5 2.2
476k-500k 73 143 11 0.3 3.1
501k-550k 85 234 29 0.5 2.2
551k-600k 61 190 25 0.5 1.9
601k-650k 65 146 21 0.4 2.7
651k-700k 49 136 16 0.5 2.2
701k-750k 44 110 14 0.4 2.4
751k-800k 36 88 4 0.4 2.5
801k-850k 29 65 6 0.4 2.7
851k-900k 31 48 4 0.3 3.9
901k-950k 18 30 9 0.3 3.6
951k-1m 21 29 1 0.2 4.3
1m-1.1m 20 46 7 0.4 2.6
1.1m-1.2m 16 27 3 0.3 3.6
1.2m-1.3m 18 21 3 0.2 5.1
1.3m-1.4m 11 16 2 0.2 4.1
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 17 6 1 0.1 17
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 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
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 8 6 1 0.1 8
201k-225k 9 15 1 0.3 3.6
226k-250k 24 24 4 0.2 6
251k-275k 16 29 3 0.3 3.3
276k-300k 21 41 4 0.3 3.1
301k-325k 24 46 5 0.3 3.1
326k-350k 27 53 7 0.3 3.1
351k-375k 25 41 5 0.3 3.7
376k-400k 39 71 11 0.3 3.3
401k-425k 40 64 11 0.3 3.8
426k-450k 50 52 8 0.2 5.8
451k-475k 26 38 4 0.2 4.1
476k-500k 31 30 1 0.2 6.2
501k-550k 39 32 1 0.1 7.3
551k-600k 22 24 3 0.2 5.5
601k-650k 9 10 2 0.2 5.4
651k-700k 6 12 1 0.3 3
701k-750k 5 9 1 0.3 3.3
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 25 2 0.1 8.4
226k-250k 26 38 3 0.2 4.1
251k-275k 24 32 6 0.2 4.5
276k-300k 15 27 6 0.3 3.3
301k-325k 15 25 1 0.3 3.6
326k-350k 21 22 1 0.2 5.7
351k-375k 6 12 3 0.3 3
376k-400k 7 21 3 0.5 2
401k-425k 2 9 2 0.8 1.3
426k-450k 4 3 0.1 8
451k-475k 3 8 1 0.4 2.3
476k-500k 6 6 1 0.2 6
501k-550k 8 5 2 0.1 9.6
551k-600k 2 3 0.3 4
601k-650k 1 3 0.5 2
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
1.1m-1.2m 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 2 6 3 0.5 2
26k-50k 3 11 2 0.6 1.6
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 3 3 0.2 6
226k-250k 14 3 1 0 28
251k-275k 4 0
276k-300k 2 0
301k-325k 3 2 0.1 9
326k-350k 5 0
351k-375k 4 4 2 0.2 6
376k-400k 3 2 1 0.1 9
401k-425k 2 3 1 0.3 4
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