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 1 1 0.2 6
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 19 4 0.5 2.2
151k-175k 14 66 14 0.8 1.3
176k-200k 49 115 30 0.4 2.6
201k-225k 73 125 22 0.3 3.5
226k-250k 135 173 28 0.2 4.7
251k-275k 120 182 30 0.3 4
276k-300k 170 194 17 0.2 5.3
301k-325k 112 158 20 0.2 4.3
326k-350k 101 149 14 0.2 4.1
351k-375k 75 130 18 0.3 3.5
376k-400k 107 152 21 0.2 4.2
401k-425k 62 92 11 0.2 4
426k-450k 59 90 12 0.3 3.9
451k-475k 29 59 4 0.3 2.9
476k-500k 34 86 12 0.4 2.4
501k-550k 52 125 14 0.4 2.5
551k-600k 49 107 8 0.4 2.7
601k-650k 42 110 13 0.4 2.3
651k-700k 37 105 15 0.5 2.1
701k-750k 30 65 3 0.4 2.8
751k-800k 22 76 8 0.6 1.7
801k-850k 27 47 2 0.3 3.4
851k-900k 21 63 5 0.5 2
901k-950k 14 29 0.3 2.9
951k-1m 15 34 1 0.4 2.6
1m-1.1m 13 37 3 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 10 18 2 0.3 3.3
1.4m-1.5m 10 10 1 0.2 6
1.5m-1.6m 10 9 1 0.2 6.7
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 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 10 0.2 4.2
176k-200k 36 23 3 0.1 9.4
201k-225k 32 30 3 0.2 6.4
226k-250k 36 29 2 0.1 7.4
251k-275k 39 27 3 0.1 8.7
276k-300k 36 51 3 0.2 4.2
301k-325k 18 38 5 0.4 2.8
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 12 1 0.2 6
426k-450k 3 16 4 0.9 1.1
451k-475k 8 9 1 0.2 5.3
476k-500k 8 14 1 0.3 3.4
501k-550k 24 34 0.2 4.2
551k-600k 14 25 2 0.3 3.4
601k-650k 14 35 5 0.4 2.4
651k-700k 11 36 4 0.5 1.8
701k-750k 3 14 2 0.8 1.3
751k-800k 7 10 0.2 4.2
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 1 1 0.2 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 1 0.3 3.6
101k-125k 18 17 2 0.2 6.4
126k-150k 29 19 2 0.1 9.2
151k-175k 16 13 0.1 7.4
176k-200k 27 25 6 0.2 6.5
201k-225k 36 27 4 0.1 8
226k-250k 26 41 5 0.3 3.8
251k-275k 18 27 4 0.3 4
276k-300k 28 32 2 0.2 5.3
301k-325k 13 25 4 0.3 3.1
326k-350k 20 24 0.2 5
351k-375k 2 15 1 1.3 0.8
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 22 6 2 0 22
26k-50k 25 24 1 0.2 6.3
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