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 1 1 1 0.2 6
126k-150k 4 1 0.7 0
151k-175k 1 8 1.3 0.8
176k-200k 1 20 3 3.3 0.3
201k-225k 1 29 6 4.8 0.2
226k-250k 13 67 10 0.9 1.2
251k-275k 29 70 8 0.4 2.5
276k-300k 54 111 18 0.3 2.9
301k-325k 55 151 15 0.5 2.2
326k-350k 74 212 28 0.5 2.1
351k-375k 80 192 14 0.4 2.5
376k-400k 110 251 33 0.4 2.6
401k-425k 87 197 22 0.4 2.6
426k-450k 52 160 17 0.5 2
451k-475k 55 144 17 0.4 2.3
476k-500k 75 144 12 0.3 3.1
501k-550k 84 237 28 0.5 2.1
551k-600k 66 190 22 0.5 2.1
601k-650k 64 149 21 0.4 2.6
651k-700k 52 136 15 0.4 2.3
701k-750k 41 111 15 0.5 2.2
751k-800k 37 91 5 0.4 2.4
801k-850k 30 65 5 0.4 2.8
851k-900k 31 48 4 0.3 3.9
901k-950k 20 28 7 0.2 4.3
951k-1m 21 29 1 0.2 4.3
1m-1.1m 20 45 5 0.4 2.7
1.1m-1.2m 17 27 3 0.3 3.8
1.2m-1.3m 19 21 3 0.2 5.4
1.3m-1.4m 12 17 3 0.2 4.2
1.4m-1.5m 9 12 2 0.2 4.5
1.5m-1.6m 8 8 0.2 6
1.6m-1.7m 6 8 3 0.2 4.5
1.7m-1.8m 6 5 1 0.1 7.2
1.8m-1.9m 7 5 0.1 8.4
1.9m-2m 7 3 1 0.1 14
2m-2.25m 5 5 0.2 6
2.25m-2.5m 17 6 1 0.1 17
2.5m-2.75m 5 0
2.75m-3m 3 2 0.1 9
3m-3.5m 3 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 23% 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 1 0
151k-175k 2 1 0.1 12
176k-200k 9 6 1 0.1 9
201k-225k 9 15 1 0.3 3.6
226k-250k 28 24 4 0.1 7
251k-275k 16 29 3 0.3 3.3
276k-300k 21 41 4 0.3 3.1
301k-325k 25 45 4 0.3 3.3
326k-350k 27 55 7 0.3 2.9
351k-375k 24 40 4 0.3 3.6
376k-400k 40 73 11 0.3 3.3
401k-425k 40 65 10 0.3 3.7
426k-450k 50 54 9 0.2 5.6
451k-475k 26 39 4 0.3 4
476k-500k 31 34 1 0.2 5.5
501k-550k 39 33 1 0.1 7.1
551k-600k 23 23 2 0.2 6
601k-650k 8 10 2 0.2 4.8
651k-700k 6 12 1 0.3 3
701k-750k 5 10 1 0.3 3
751k-800k 2 4 0.3 3
801k-850k 3 4 1 0.2 4.5
851k-900k 2 5 2 0.4 2.4
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 3 2 1 0.1 9
176k-200k 9 23 2 0.4 2.3
201k-225k 35 26 2 0.1 8.1
226k-250k 26 39 3 0.3 4
251k-275k 23 33 8 0.2 4.2
276k-300k 15 27 6 0.3 3.3
301k-325k 16 26 1 0.3 3.7
326k-350k 21 22 1 0.2 5.7
351k-375k 6 12 3 0.3 3
376k-400k 7 21 3 0.5 2
401k-425k 2 10 2 0.8 1.2
426k-450k 3 3 0.2 6
451k-475k 3 8 1 0.4 2.3
476k-500k 6 6 1 0.2 6
501k-550k 8 5 2 0.1 9.6
551k-600k 2 3 0.3 4
601k-650k 1 3 0.5 2
651k-700k 1 0
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
1.2m-1.3m 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 4 4 1 0.2 6
26k-50k 3 11 2 0.6 1.6
51k-75k 10 6 1 0.1 10
76k-100k 6 4 2 0.1 9
101k-125k 4 3 2 0.1 8
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 5 0
351k-375k 4 4 2 0.2 6
376k-400k 3 2 1 0.1 9
401k-425k 3 2 0.1 9
426k-450k 1 0.2 0
451k-475k 2 2 0.2 6
476k-500k 3 1 0.1 18
501k-550k 6 6 1 0.2 6
551k-600k 3 0
601k-650k 3 2 0.1 9
651k-700k 3 0
701k-750k 4 2 1 0.1 12
751k-800k 1 1 0.2 6
801k-850k 1 4 1 0.7 1.5
851k-900k 3 0
901k-950k 1 3 0.5 2
951k-1m 3 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 3 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