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 26% 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
51k-75k 1 0
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 51 114 20 0.4 2.7
301k-325k 53 142 12 0.4 2.2
326k-350k 71 200 28 0.5 2.1
351k-375k 70 198 20 0.5 2.1
376k-400k 90 245 39 0.5 2.2
401k-425k 71 204 30 0.5 2.1
426k-450k 49 149 14 0.5 2
451k-475k 59 139 20 0.4 2.5
476k-500k 54 155 20 0.5 2.1
501k-550k 97 227 18 0.4 2.6
551k-600k 60 180 17 0.5 2
601k-650k 65 139 16 0.4 2.8
651k-700k 53 128 9 0.4 2.5
701k-750k 38 106 12 0.5 2.2
751k-800k 30 86 9 0.5 2.1
801k-850k 28 60 5 0.4 2.8
851k-900k 30 46 5 0.3 3.9
901k-950k 15 30 9 0.3 3
951k-1m 19 28 0.2 4.1
1m-1.1m 20 47 6 0.4 2.6
1.1m-1.2m 17 23 1 0.2 4.4
1.2m-1.3m 15 20 5 0.2 4.5
1.3m-1.4m 10 17 3 0.3 3.5
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 7 7 2 0.2 6
1.7m-1.8m 6 5 1 0.1 7.2
1.8m-1.9m 6 5 0.1 7.2
1.9m-2m 6 3 1 0.1 12
2m-2.25m 4 5 0.2 4.8
2.25m-2.5m 17 7 2 0.1 14.6
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 27 6 0.2 4.2
251k-275k 12 31 4 0.4 2.3
276k-300k 23 42 7 0.3 3.3
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 43 60 4 0.2 4.3
426k-450k 51 53 11 0.2 5.8
451k-475k 27 37 4 0.2 4.4
476k-500k 27 30 1 0.2 5.4
501k-550k 39 33 1 0.1 7.1
551k-600k 19 24 4 0.2 4.8
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 27 37 3 0.2 4.4
251k-275k 24 29 4 0.2 5
276k-300k 15 28 5 0.3 3.2
301k-325k 11 27 4 0.4 2.4
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 4 8 2 0.3 3
426k-450k 5 3 0.1 10
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 6 8 1 0.2 4.5
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 3 1 0.2 6
326k-350k 4 0
351k-375k 4 3 0.1 8
376k-400k 4 1 0 24
401k-425k 1 3 1 0.5 2
426k-450k 1 0
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