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 29% 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 5 0.8 0
126k-150k 6 20 5 0.6 1.8
151k-175k 15 65 14 0.7 1.4
176k-200k 45 113 33 0.4 2.4
201k-225k 72 126 19 0.3 3.4
226k-250k 131 169 30 0.2 4.7
251k-275k 114 180 31 0.3 3.8
276k-300k 150 192 19 0.2 4.7
301k-325k 110 156 17 0.2 4.2
326k-350k 90 147 14 0.3 3.7
351k-375k 71 129 15 0.3 3.3
376k-400k 94 153 19 0.3 3.7
401k-425k 58 92 13 0.3 3.8
426k-450k 51 89 10 0.3 3.4
451k-475k 27 56 4 0.3 2.9
476k-500k 36 86 9 0.4 2.5
501k-550k 47 125 16 0.4 2.3
551k-600k 41 106 10 0.4 2.3
601k-650k 39 108 14 0.5 2.2
651k-700k 39 102 13 0.4 2.3
701k-750k 27 60 3 0.4 2.7
751k-800k 19 78 9 0.7 1.5
801k-850k 25 47 1 0.3 3.2
851k-900k 21 62 6 0.5 2
901k-950k 12 29 0.4 2.5
951k-1m 13 34 3 0.4 2.3
1m-1.1m 11 36 3 0.5 1.8
1.1m-1.2m 17 31 4 0.3 3.3
1.2m-1.3m 13 22 2 0.3 3.5
1.3m-1.4m 10 17 2 0.3 3.5
1.4m-1.5m 7 11 2 0.3 3.8
1.5m-1.6m 11 9 1 0.1 7.3
1.6m-1.7m 10 13 1 0.2 4.6
1.7m-1.8m 11 13 2 0.2 5.1
1.8m-1.9m 4 4 1 0.2 6
1.9m-2m 4 4 0.2 6
2m-2.25m 7 5 0.1 8.4
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 5 0.8 0
3.5m-4m 2 0
4m-4.5m 1 1 0.2 6
4.5m-5m 1 1 0.2 6
8.01m-9m 1 0.2 0

Townhouses 21% 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
76k-100k 1 4 0.7 1.5
101k-125k 1 9 1 1.5 0.7
126k-150k 6 6 1 0.2 6
151k-175k 6 10 0.3 3.6
176k-200k 35 23 2 0.1 9.1
201k-225k 31 29 2 0.2 6.4
226k-250k 33 29 2 0.1 6.8
251k-275k 40 27 3 0.1 8.9
276k-300k 34 50 4 0.2 4.1
301k-325k 18 35 3 0.3 3.1
326k-350k 12 11 3 0.2 6.5
351k-375k 3 12 0.7 1.5
376k-400k 8 8 0.2 6
401k-425k 11 14 2 0.2 4.7
426k-450k 2 16 3 1.3 0.8
451k-475k 6 9 1 0.3 4
476k-500k 6 16 3 0.4 2.3
501k-550k 18 33 0.3 3.3
551k-600k 11 26 3 0.4 2.5
601k-650k 13 36 5 0.5 2.2
651k-700k 10 32 2 0.5 1.9
701k-750k 3 14 2 0.8 1.3
751k-800k 7 9 0.2 4.7
801k-850k 1 3 0.5 2
851k-900k 6 3 0.1 12
901k-950k 5 2 1 0.1 15
951k-1m 2 0
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 6 1 0.5 2
76k-100k 3 9 1 0.5 2
101k-125k 14 18 3 0.2 4.7
126k-150k 24 18 2 0.1 8
151k-175k 12 13 0.2 5.5
176k-200k 21 25 6 0.2 5
201k-225k 34 27 3 0.1 7.6
226k-250k 23 40 5 0.3 3.5
251k-275k 13 25 3 0.3 3.1
276k-300k 23 32 2 0.2 4.3
301k-325k 12 25 3 0.3 2.9
326k-350k 19 23 0.2 5
351k-375k 2 14 1 1.2 0.9
376k-400k 5 7 1 0.2 4.3
401k-425k 2 8 0.7 1.5
426k-450k 10 10 1 0.2 6
451k-475k 6 8 0.2 4.5
476k-500k 6 6 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 14% 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 17 8 4 0.1 12.8
26k-50k 23 23 1 0.2 6
51k-75k 23 10 0.1 13.8
76k-100k 20 6 1 0.1 20
101k-125k 3 2 0.1 9
126k-150k 5 2 0.1 15
151k-175k 2 1 0.1 12
176k-200k 6 0
201k-225k 3 1 1 0.1 18
226k-250k 3 1 0.1 18
251k-275k 3 1 0.1 18
276k-300k 4 1 1 0 24
301k-325k 3 1 0.1 18
326k-350k 4 0
351k-375k 2 2 0.2 6
376k-400k 2 0
401k-425k 1 1 0.2 6
426k-450k 2 2 0.2 6
451k-475k 2 0
476k-500k 4 1 0 24
501k-550k 1 0
551k-600k 4 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
3m-3.5m 1 0