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
1k-25k 1 1 0.2 6
26k-50k 2 1 0.3 0
51k-75k 1 0.2 0
76k-100k 1 4 0.7 1.5
101k-125k 1 5 0.8 1.2
126k-150k 7 20 4 0.5 2.1
151k-175k 14 64 13 0.8 1.3
176k-200k 51 113 27 0.4 2.7
201k-225k 79 122 22 0.3 3.9
226k-250k 131 177 30 0.2 4.4
251k-275k 123 177 26 0.2 4.2
276k-300k 176 194 19 0.2 5.4
301k-325k 111 160 19 0.2 4.2
326k-350k 102 150 15 0.2 4.1
351k-375k 74 131 17 0.3 3.4
376k-400k 106 155 23 0.2 4.1
401k-425k 63 93 10 0.2 4.1
426k-450k 58 90 14 0.3 3.9
451k-475k 28 57 6 0.3 2.9
476k-500k 34 90 15 0.4 2.3
501k-550k 54 125 14 0.4 2.6
551k-600k 50 105 9 0.4 2.9
601k-650k 40 111 15 0.5 2.2
651k-700k 37 108 15 0.5 2.1
701k-750k 30 66 3 0.4 2.7
751k-800k 22 77 10 0.6 1.7
801k-850k 25 47 3 0.3 3.2
851k-900k 22 65 5 0.5 2
901k-950k 14 30 0.4 2.8
951k-1m 16 34 0.4 2.8
1m-1.1m 13 37 4 0.5 2.1
1.1m-1.2m 19 32 4 0.3 3.6
1.2m-1.3m 14 23 2 0.3 3.7
1.3m-1.4m 11 18 1 0.3 3.7
1.4m-1.5m 10 10 1 0.2 6
1.5m-1.6m 10 8 0.1 7.5
1.6m-1.7m 10 15 2 0.3 4
1.7m-1.8m 12 12 1 0.2 6
1.8m-1.9m 4 4 1 0.2 6
1.9m-2m 6 4 1 0.1 9
2m-2.25m 8 5 0.1 9.6
2.25m-2.5m 3 5 0.3 3.6
2.5m-2.75m 2 3 0.3 4
2.75m-3m 5 1 0 30
3m-3.5m 1 5 0.8 1.2
3.5m-4m 2 0
4m-4.5m 2 1 0.1 12
4.5m-5m 1 1 0.2 6
8.01m-9m 1 0.2 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
1k-25k 1 0.2 0
26k-50k 1 1 0.2 0
51k-75k 1 0
76k-100k 1 4 0.7 1.5
101k-125k 1 9 2 1.5 0.7
126k-150k 8 6 1 0.1 8
151k-175k 7 11 0.3 3.8
176k-200k 37 23 3 0.1 9.7
201k-225k 32 30 3 0.2 6.4
226k-250k 37 30 3 0.1 7.4
251k-275k 39 27 3 0.1 8.7
276k-300k 38 50 1 0.2 4.6
301k-325k 19 37 4 0.3 3.1
326k-350k 12 11 3 0.2 6.5
351k-375k 4 13 1 0.5 1.8
376k-400k 7 9 1 0.2 4.7
401k-425k 12 13 1 0.2 5.5
426k-450k 3 16 4 0.9 1.1
451k-475k 8 9 1 0.2 5.3
476k-500k 8 14 2 0.3 3.4
501k-550k 24 35 0.2 4.1
551k-600k 13 25 2 0.3 3.1
601k-650k 14 35 6 0.4 2.4
651k-700k 10 36 7 0.6 1.7
701k-750k 3 14 2 0.8 1.3
751k-800k 7 11 0.3 3.8
801k-850k 1 3 0.5 2
851k-900k 7 3 0.1 14
901k-950k 4 2 1 0.1 12
951k-1m 2 1 0.1 12
1m-1.1m 2 1 0.3 0
1.1m-1.2m 3 0.5 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 0

Condos 16% 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 0.2 0
26k-50k 3 1 0.5 0
51k-75k 2 5 1 0.4 2.4
76k-100k 6 10 2 0.3 3.6
101k-125k 17 17 2 0.2 6
126k-150k 28 20 2 0.1 8.4
151k-175k 15 13 0.1 6.9
176k-200k 27 25 6 0.2 6.5
201k-225k 36 29 5 0.1 7.4
226k-250k 25 41 5 0.3 3.7
251k-275k 19 26 5 0.2 4.4
276k-300k 29 32 2 0.2 5.4
301k-325k 13 25 4 0.3 3.1
326k-350k 20 25 0.2 4.8
351k-375k 3 14 0.8 1.3
376k-400k 4 7 1 0.3 3.4
401k-425k 3 9 0.5 2
426k-450k 9 10 1 0.2 5.4
451k-475k 7 8 0.2 5.3
476k-500k 7 7 1 0.2 6
501k-550k 6 12 1 0.3 3
551k-600k 1 5 0.8 1.2
601k-650k 1 1 0.2 6
651k-700k 1 0.2 0
701k-750k 1 0
801k-850k 2 0.3 0
851k-900k 1 1 0.2 0
1m-1.1m 1 1 0.2 0
1.7m-1.8m 1 0
1.9m-2m 1 0

Land 12% 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 23 5 1 0 27.6
26k-50k 24 24 1 0.2 6
51k-75k 24 11 0.1 13.1
76k-100k 21 6 2 0 21
101k-125k 5 2 0.1 15
126k-150k 5 2 0.1 15
151k-175k 3 1 0.1 18
176k-200k 7 0
201k-225k 3 1 1 0.1 18
226k-250k 5 1 0 30
251k-275k 4 1 0 24
276k-300k 5 1 1 0 30
301k-325k 3 1 0.1 18
326k-350k 4 0
351k-375k 4 2 0.1 12
376k-400k 3 0
401k-425k 1 1 0.2 6
426k-450k 2 2 0.2 6
451k-475k 2 0
476k-500k 5 1 0 30
501k-550k 1 0
551k-600k 5 0
601k-650k 2 2 0.2 6
651k-700k 4 1 0 24
701k-750k 2 0
751k-800k 1 0
801k-850k 1 0
901k-950k 1 0
951k-1m 2 1 0.1 12
1m-1.1m 3 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.8m-1.9m 2 0
1.9m-2m 1 1 0.2 6
2.25m-2.5m 1 0
3m-3.5m 1 0