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 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
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 9 1 1.5 0
176k-200k 1 20 3 3.3 0.3
201k-225k 3 29 5 1.6 0.6
226k-250k 18 64 9 0.6 1.7
251k-275k 27 75 12 0.5 2.2
276k-300k 48 111 18 0.4 2.6
301k-325k 53 143 11 0.4 2.2
326k-350k 74 202 26 0.5 2.2
351k-375k 74 195 17 0.4 2.3
376k-400k 93 249 39 0.4 2.2
401k-425k 68 202 29 0.5 2
426k-450k 44 147 14 0.6 1.8
451k-475k 56 143 23 0.4 2.3
476k-500k 62 149 15 0.4 2.5
501k-550k 86 228 23 0.4 2.3
551k-600k 65 183 21 0.5 2.1
601k-650k 65 137 15 0.4 2.8
651k-700k 50 129 11 0.4 2.3
701k-750k 41 107 14 0.4 2.3
751k-800k 35 84 5 0.4 2.5
801k-850k 28 62 5 0.4 2.7
851k-900k 28 47 4 0.3 3.6
901k-950k 15 31 10 0.3 2.9
951k-1m 21 27 0.2 4.7
1m-1.1m 20 47 9 0.4 2.6
1.1m-1.2m 15 26 2 0.3 3.5
1.2m-1.3m 16 20 4 0.2 4.8
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 6 7 2 0.2 5.1
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 20% 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 0.1 10
201k-225k 8 14 3 0.3 3.4
226k-250k 17 26 5 0.3 3.9
251k-275k 12 31 5 0.4 2.3
276k-300k 21 43 6 0.3 2.9
301k-325k 20 49 8 0.4 2.4
326k-350k 25 52 5 0.3 2.9
351k-375k 22 43 4 0.3 3.1
376k-400k 35 64 7 0.3 3.3
401k-425k 40 60 4 0.3 4
426k-450k 50 51 9 0.2 5.9
451k-475k 30 37 2 0.2 4.9
476k-500k 27 31 2 0.2 5.2
501k-550k 38 32 0.1 7.1
551k-600k 19 25 5 0.2 4.6
601k-650k 9 9 1 0.2 6
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 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 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
101k-125k 1 0.2 0
126k-150k 3 0.5 0
151k-175k 2 3 1 0.3 4
176k-200k 7 22 1 0.5 1.9
201k-225k 26 25 3 0.2 6.2
226k-250k 24 38 2 0.3 3.8
251k-275k 21 30 4 0.2 4.2
276k-300k 12 28 5 0.4 2.6
301k-325k 12 28 5 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 5 0.1 7.2
501k-550k 7 4 1 0.1 10.5
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 11 1 0.6 1.6
51k-75k 7 7 1 0.2 6
76k-100k 5 4 2 0.1 7.5
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 5 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 3 1 0.1 18
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 0.5 2
851k-900k 3 0
901k-950k 1 3 0.5 2
951k-1m 1 1 1 0.2 6
1m-1.1m 2 2 0.2 6
1.1m-1.2m 1 0
1.2m-1.3m 2 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