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 26% 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 5 1 0.8 0
101k-125k 3 4 0.2 4.5
126k-150k 7 20 4 0.5 2.1
151k-175k 14 67 15 0.8 1.3
176k-200k 55 108 24 0.3 3.1
201k-225k 75 126 19 0.3 3.6
226k-250k 133 170 30 0.2 4.7
251k-275k 114 180 28 0.3 3.8
276k-300k 155 190 19 0.2 4.9
301k-325k 112 158 16 0.2 4.3
326k-350k 92 151 14 0.3 3.7
351k-375k 71 126 12 0.3 3.4
376k-400k 97 151 19 0.3 3.9
401k-425k 57 94 13 0.3 3.6
426k-450k 54 86 11 0.3 3.8
451k-475k 30 55 2 0.3 3.3
476k-500k 37 84 9 0.4 2.6
501k-550k 49 125 12 0.4 2.4
551k-600k 47 106 11 0.4 2.7
601k-650k 43 108 14 0.4 2.4
651k-700k 39 101 10 0.4 2.3
701k-750k 28 60 4 0.4 2.8
751k-800k 19 79 9 0.7 1.4
801k-850k 25 47 1 0.3 3.2
851k-900k 21 61 7 0.5 2.1
901k-950k 12 30 0.4 2.4
951k-1m 12 36 4 0.5 2
1m-1.1m 11 36 2 0.5 1.8
1.1m-1.2m 18 31 4 0.3 3.5
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 6 6 1 0.2 6
2.25m-2.5m 4 4 0.2 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 1 1 0.2 6
4.5m-5m 1 0
8.01m-9m 1 0.2 0

Townhouses 19% 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 1.5 0.7
126k-150k 6 6 1 0.2 6
151k-175k 6 9 0.3 4
176k-200k 35 22 2 0.1 9.5
201k-225k 29 29 2 0.2 6
226k-250k 38 29 2 0.1 7.9
251k-275k 37 29 3 0.1 7.7
276k-300k 33 50 5 0.3 4
301k-325k 20 36 3 0.3 3.3
326k-350k 12 10 3 0.1 7.2
351k-375k 3 12 0.7 1.5
376k-400k 7 9 1 0.2 4.7
401k-425k 10 14 2 0.2 4.3
426k-450k 2 16 3 1.3 0.8
451k-475k 8 9 1 0.2 5.3
476k-500k 7 15 2 0.4 2.8
501k-550k 20 33 0.3 3.6
551k-600k 12 26 2 0.4 2.8
601k-650k 12 35 5 0.5 2.1
651k-700k 11 32 2 0.5 2.1
701k-750k 2 15 3 1.3 0.8
751k-800k 9 9 0.2 6
801k-850k 1 3 0.5 2
851k-900k 5 4 1 0.1 7.5
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 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 1 2 1 0.3 3
51k-75k 1 6 1 1
76k-100k 4 9 1 0.4 2.7
101k-125k 16 17 2 0.2 5.6
126k-150k 23 18 1 0.1 7.7
151k-175k 12 13 0.2 5.5
176k-200k 19 25 7 0.2 4.6
201k-225k 35 25 3 0.1 8.4
226k-250k 23 38 5 0.3 3.6
251k-275k 14 25 3 0.3 3.4
276k-300k 25 31 2 0.2 4.8
301k-325k 12 24 2 0.3 3
326k-350k 19 23 0.2 5
351k-375k 3 14 1 0.8 1.3
376k-400k 4 7 1 0.3 3.4
401k-425k 3 9 0.5 2
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 2 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 24 2 0.2 5.8
51k-75k 22 10 0.1 13.2
76k-100k 22 5 1 0 26.4
101k-125k 3 2 0.1 9
126k-150k 6 2 0.1 18
151k-175k 2 1 0.1 12
176k-200k 7 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 3 1 0.1 18
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