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 32% 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 4 1 0.7 0
151k-175k 1 8 1.3 0.8
176k-200k 2 20 3 1.7 0.6
201k-225k 1 29 6 4.8 0.2
226k-250k 17 65 9 0.6 1.6
251k-275k 24 73 10 0.5 2
276k-300k 51 114 19 0.4 2.7
301k-325k 53 144 13 0.5 2.2
326k-350k 75 203 24 0.5 2.2
351k-375k 72 192 16 0.4 2.3
376k-400k 98 255 39 0.4 2.3
401k-425k 72 199 27 0.5 2.2
426k-450k 45 155 17 0.6 1.7
451k-475k 54 141 20 0.4 2.3
476k-500k 64 143 10 0.4 2.7
501k-550k 84 230 26 0.5 2.2
551k-600k 63 185 21 0.5 2
601k-650k 63 145 21 0.4 2.6
651k-700k 48 133 15 0.5 2.2
701k-750k 40 109 13 0.5 2.2
751k-800k 33 86 4 0.4 2.3
801k-850k 27 61 6 0.4 2.7
851k-900k 27 48 5 0.3 3.4
901k-950k 19 28 9 0.2 4.1
951k-1m 19 28 1 0.2 4.1
1m-1.1m 16 48 9 0.5 2
1.1m-1.2m 15 28 4 0.3 3.2
1.2m-1.3m 17 19 3 0.2 5.4
1.3m-1.4m 11 16 2 0.2 4.1
1.4m-1.5m 9 13 2 0.2 4.2
1.5m-1.6m 9 8 0.1 6.8
1.6m-1.7m 5 7 2 0.2 4.3
1.7m-1.8m 6 5 1 0.1 7.2
1.8m-1.9m 5 5 0.2 6
1.9m-2m 7 3 1 0.1 14
2m-2.25m 4 4 0.2 6
2.25m-2.5m 17 6 1 0.1 17
2.5m-2.75m 4 0
2.75m-3m 1 3 1 0.5 2
3m-3.5m 2 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 24% 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 2 0
151k-175k 2 1 0.1 12
176k-200k 8 6 1 0.1 8
201k-225k 9 14 1 0.3 3.9
226k-250k 22 24 4 0.2 5.5
251k-275k 12 30 5 0.4 2.4
276k-300k 18 44 6 0.4 2.5
301k-325k 22 47 5 0.4 2.8
326k-350k 23 52 7 0.4 2.7
351k-375k 20 42 6 0.4 2.9
376k-400k 38 67 8 0.3 3.4
401k-425k 40 62 6 0.3 3.9
426k-450k 47 52 8 0.2 5.4
451k-475k 25 37 3 0.2 4.1
476k-500k 27 30 1 0.2 5.4
501k-550k 37 32 0.1 6.9
551k-600k 22 23 3 0.2 5.7
601k-650k 7 10 1 0.2 4.2
651k-700k 6 11 1 0.3 3.3
701k-750k 5 9 1 0.3 3.3
751k-800k 1 4 0.7 1.5
801k-850k 4 4 1 0.2 6
851k-900k 5 2 0.8 0
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 25% 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 2 3 2 0.3 4
176k-200k 7 24 2 0.6 1.8
201k-225k 27 26 4 0.2 6.2
226k-250k 25 38 3 0.3 3.9
251k-275k 22 32 6 0.2 4.1
276k-300k 10 28 7 0.5 2.1
301k-325k 12 28 4 0.4 2.6
326k-350k 18 21 1 0.2 5.1
351k-375k 5 12 3 0.4 2.5
376k-400k 7 21 3 0.5 2
401k-425k 3 9 2 0.5 2
426k-450k 4 3 0.1 8
451k-475k 3 6 1 0.3 3
476k-500k 6 4 0.1 9
501k-550k 7 5 1 0.1 8.4
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 25% 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 2 0.5 2
26k-50k 3 11 2 0.6 1.6
51k-75k 7 7 2 0.2 6
76k-100k 6 4 2 0.1 9
101k-125k 5 2 1 0.1 15
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 0
301k-325k 3 2 0.1 9
326k-350k 4 0
351k-375k 4 4 2 0.2 6
376k-400k 4 1 0 24
401k-425k 1 3 1 0.5 2
426k-450k 1 0.2 0
451k-475k 2 2 0.2 6
476k-500k 2 1 0.1 12
501k-550k 4 6 1 0.3 4
551k-600k 2 0
601k-650k 3 2 0.1 9
651k-700k 3 0
701k-750k 4 2 0.1 12
751k-800k 1 1 0.2 6
801k-850k 1 4 1 0.7 1.5
851k-900k 2 0
901k-950k 1 3 0.5 2
951k-1m 2 0
1m-1.1m 3 2 0.1 9
1.1m-1.2m 1 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