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 2 1 1 0.1 12
126k-150k 5 2 0.8 0
151k-175k 1 8 1.3 0.8
176k-200k 1 21 4 3.5 0.3
201k-225k 2 28 5 2.3 0.4
226k-250k 17 65 9 0.6 1.6
251k-275k 24 74 11 0.5 1.9
276k-300k 52 114 18 0.4 2.7
301k-325k 53 144 13 0.5 2.2
326k-350k 74 201 23 0.5 2.2
351k-375k 76 197 20 0.4 2.3
376k-400k 96 245 31 0.4 2.4
401k-425k 72 199 30 0.5 2.2
426k-450k 46 152 15 0.6 1.8
451k-475k 59 140 20 0.4 2.5
476k-500k 65 145 11 0.4 2.7
501k-550k 83 229 25 0.5 2.2
551k-600k 68 182 20 0.4 2.2
601k-650k 65 141 19 0.4 2.8
651k-700k 48 131 13 0.5 2.2
701k-750k 42 108 13 0.4 2.3
751k-800k 36 83 4 0.4 2.6
801k-850k 26 63 7 0.4 2.5
851k-900k 28 48 4 0.3 3.5
901k-950k 17 30 11 0.3 3.4
951k-1m 20 28 0.2 4.3
1m-1.1m 20 47 9 0.4 2.6
1.1m-1.2m 15 28 4 0.3 3.2
1.2m-1.3m 18 19 3 0.2 5.7
1.3m-1.4m 11 16 2 0.2 4.1
1.4m-1.5m 9 14 1 0.3 3.9
1.5m-1.6m 10 7 0.1 8.6
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 6 5 0.1 7.2
1.9m-2m 7 3 1 0.1 14
2m-2.25m 4 4 0.2 6
2.25m-2.5m 18 6 1 0.1 18
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 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 2 0
151k-175k 2 1 0.1 12
176k-200k 10 6 1 0.1 10
201k-225k 8 14 2 0.3 3.4
226k-250k 23 24 4 0.2 5.8
251k-275k 12 31 5 0.4 2.3
276k-300k 19 44 7 0.4 2.6
301k-325k 24 47 5 0.3 3.1
326k-350k 25 52 5 0.3 2.9
351k-375k 22 43 4 0.3 3.1
376k-400k 36 65 9 0.3 3.3
401k-425k 41 62 5 0.3 4
426k-450k 47 52 9 0.2 5.4
451k-475k 28 36 2 0.2 4.7
476k-500k 28 30 1 0.2 5.6
501k-550k 38 32 0.1 7.1
551k-600k 20 25 5 0.2 4.8
601k-650k 8 9 1 0.2 5.3
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 4 2 0.7 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 3 3 2 0.2 6
176k-200k 6 24 2 0.7 1.5
201k-225k 27 26 3 0.2 6.2
226k-250k 25 38 4 0.3 3.9
251k-275k 21 33 5 0.3 3.8
276k-300k 10 27 6 0.5 2.2
301k-325k 12 28 4 0.4 2.6
326k-350k 20 21 1 0.2 5.7
351k-375k 6 12 3 0.3 3
376k-400k 6 23 4 0.6 1.6
401k-425k 3 8 2 0.4 2.3
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 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
1k-25k 2 6 2 0.5 2
26k-50k 3 10 1 0.6 1.8
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 3 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 3 1 0.5 2
851k-900k 2 0
901k-950k 1 3 0.5 2
951k-1m 2 0
1m-1.1m 2 2 0.2 6
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