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 1 1 0.2 6
126k-150k 5 2 0.8 0
151k-175k 9 1 1.5 0
176k-200k 1 21 4 3.5 0.3
201k-225k 4 29 5 1.2 0.8
226k-250k 16 64 9 0.7 1.5
251k-275k 27 73 9 0.5 2.2
276k-300k 51 112 18 0.4 2.7
301k-325k 54 141 11 0.4 2.3
326k-350k 73 199 27 0.5 2.2
351k-375k 70 197 19 0.5 2.1
376k-400k 88 247 39 0.5 2.1
401k-425k 68 202 30 0.5 2
426k-450k 47 150 15 0.5 1.9
451k-475k 59 139 19 0.4 2.5
476k-500k 58 154 19 0.4 2.3
501k-550k 93 227 18 0.4 2.5
551k-600k 61 181 18 0.5 2
601k-650k 65 138 15 0.4 2.8
651k-700k 54 128 9 0.4 2.5
701k-750k 38 105 11 0.5 2.2
751k-800k 29 86 9 0.5 2
801k-850k 28 60 5 0.4 2.8
851k-900k 30 45 4 0.3 4
901k-950k 15 30 9 0.3 3
951k-1m 21 28 0.2 4.5
1m-1.1m 20 47 6 0.4 2.6
1.1m-1.2m 15 23 1 0.3 3.9
1.2m-1.3m 16 19 4 0.2 5.1
1.3m-1.4m 11 16 2 0.2 4.1
1.4m-1.5m 11 14 1 0.2 4.7
1.5m-1.6m 8 7 0.1 6.9
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 7 2 0.1 15.4
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 18% 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 1 0
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 4 0.1 15
201k-225k 8 14 2 0.3 3.4
226k-250k 19 26 5 0.2 4.4
251k-275k 12 31 4 0.4 2.3
276k-300k 24 41 6 0.3 3.5
301k-325k 20 49 7 0.4 2.4
326k-350k 24 54 5 0.4 2.7
351k-375k 19 45 7 0.4 2.5
376k-400k 37 61 5 0.3 3.6
401k-425k 42 60 4 0.2 4.2
426k-450k 53 52 10 0.2 6.1
451k-475k 27 36 4 0.2 4.5
476k-500k 29 30 1 0.2 5.8
501k-550k 38 32 0.1 7.1
551k-600k 19 25 5 0.2 4.6
601k-650k 8 10 2 0.2 4.8
651k-700k 8 10 0.2 4.8
701k-750k 6 9 1 0.3 4
751k-800k 1 5 1 0.8 1.2
801k-850k 4 4 0.2 6
851k-900k 3 1 0.5 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 1 0.2 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0.2 0

Condos 19% 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 0.1 9
176k-200k 11 22 1 0.3 3
201k-225k 26 25 3 0.2 6.2
226k-250k 26 37 3 0.2 4.2
251k-275k 24 28 3 0.2 5.1
276k-300k 14 28 5 0.3 3
301k-325k 12 27 4 0.4 2.7
326k-350k 18 22 2 0.2 4.9
351k-375k 6 12 3 0.3 3
376k-400k 7 22 3 0.5 1.9
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 5 5 0.2 6
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 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
1k-25k 2 6 2 0.5 2
26k-50k 5 11 1 0.4 2.7
51k-75k 7 7 0.2 6
76k-100k 5 4 1 0.1 7.5
101k-125k 5 2 0.1 15
126k-150k 6 6 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 1 0.2 6
376k-400k 4 1 0 24
401k-425k 1 3 1 0.5 2
451k-475k 2 2 0.2 6
476k-500k 3 2 0.1 9
501k-550k 4 5 0.2 4.8
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 3 2 0.1 9
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