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 65 14 0.8 1.3
176k-200k 47 115 32 0.4 2.5
201k-225k 74 125 21 0.3 3.6
226k-250k 138 171 29 0.2 4.8
251k-275k 118 181 30 0.3 3.9
276k-300k 172 191 18 0.2 5.4
301k-325k 114 158 20 0.2 4.3
326k-350k 100 149 14 0.2 4
351k-375k 75 128 17 0.3 3.5
376k-400k 103 153 22 0.2 4
401k-425k 63 94 12 0.2 4
426k-450k 57 90 11 0.3 3.8
451k-475k 28 58 4 0.3 2.9
476k-500k 35 86 12 0.4 2.4
501k-550k 52 127 16 0.4 2.5
551k-600k 44 106 9 0.4 2.5
601k-650k 44 108 13 0.4 2.4
651k-700k 39 103 15 0.4 2.3
701k-750k 29 63 3 0.4 2.8
751k-800k 21 78 10 0.6 1.6
801k-850k 25 47 2 0.3 3.2
851k-900k 21 63 5 0.5 2
901k-950k 13 29 0.4 2.7
951k-1m 13 36 3 0.5 2.2
1m-1.1m 13 36 3 0.5 2.2
1.1m-1.2m 17 32 4 0.3 3.2
1.2m-1.3m 14 22 2 0.3 3.8
1.3m-1.4m 10 17 2 0.3 3.5
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 14 2 0.2 4.3
1.7m-1.8m 11 13 2 0.2 5.1
1.8m-1.9m 4 4 1 0.2 6
1.9m-2m 5 4 0.1 7.5
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 33 29 2 0.1 6.8
226k-250k 38 29 2 0.1 7.9
251k-275k 38 27 3 0.1 8.4
276k-300k 35 51 4 0.2 4.1
301k-325k 19 37 4 0.3 3.1
326k-350k 12 11 3 0.2 6.5
351k-375k 4 12 0.5 2
376k-400k 7 8 0.2 5.3
401k-425k 11 14 2 0.2 4.7
426k-450k 4 16 4 0.7 1.5
451k-475k 6 9 1 0.3 4
476k-500k 7 15 2 0.4 2.8
501k-550k 24 33 0.2 4.4
551k-600k 14 25 2 0.3 3.4
601k-650k 14 35 5 0.4 2.4
651k-700k 11 33 4 0.5 2
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
1.4m-1.5m 1 0

Condos 17% 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 16 17 3 0.2 5.6
126k-150k 30 19 2 0.1 9.5
151k-175k 17 13 0.1 7.8
176k-200k 27 25 6 0.2 6.5
201k-225k 36 27 4 0.1 8
226k-250k 26 40 5 0.3 3.9
251k-275k 17 26 4 0.3 3.9
276k-300k 28 32 2 0.2 5.3
301k-325k 13 25 4 0.3 3.1
326k-350k 21 24 0.2 5.3
351k-375k 2 15 1 1.3 0.8
376k-400k 4 7 1 0.3 3.4
401k-425k 3 8 0.4 2.3
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 6 2 0 23
26k-50k 25 24 1 0.2 6.3
51k-75k 26 10 0.1 15.6
76k-100k 20 6 2 0.1 20
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 3 2 0.1 9
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