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 25% 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 21 4 0.5 2
151k-175k 14 66 14 0.8 1.3
176k-200k 55 109 25 0.3 3
201k-225k 75 126 20 0.3 3.6
226k-250k 134 169 29 0.2 4.8
251k-275k 117 179 24 0.3 3.9
276k-300k 155 188 21 0.2 4.9
301k-325k 116 158 15 0.2 4.4
326k-350k 92 153 14 0.3 3.6
351k-375k 72 128 13 0.3 3.4
376k-400k 97 147 16 0.3 4
401k-425k 57 96 14 0.3 3.6
426k-450k 53 88 9 0.3 3.6
451k-475k 30 54 3 0.3 3.3
476k-500k 35 85 8 0.4 2.5
501k-550k 51 127 13 0.4 2.4
551k-600k 47 108 10 0.4 2.6
601k-650k 41 106 14 0.4 2.3
651k-700k 35 102 11 0.5 2.1
701k-750k 30 62 4 0.3 2.9
751k-800k 20 77 6 0.6 1.6
801k-850k 24 48 1 0.3 3
851k-900k 21 61 6 0.5 2.1
901k-950k 12 29 0.4 2.5
951k-1m 14 36 4 0.4 2.3
1m-1.1m 12 36 2 0.5 2
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 10 2 0.2 4.2
1.5m-1.6m 11 9 1 0.1 7.3
1.6m-1.7m 11 13 1 0.2 5.1
1.7m-1.8m 11 13 2 0.2 5.1
1.8m-1.9m 3 3 1 0.2 6
1.9m-2m 3 4 0.2 4.5
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 18% 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 7 1 0.2 5.1
151k-175k 6 9 1 0.3 4
176k-200k 32 22 2 0.1 8.7
201k-225k 31 28 0.2 6.6
226k-250k 36 33 4 0.2 6.5
251k-275k 37 27 3 0.1 8.2
276k-300k 31 50 5 0.3 3.7
301k-325k 18 36 3 0.3 3
326k-350k 12 10 3 0.1 7.2
351k-375k 2 12 1 1
376k-400k 7 9 1 0.2 4.7
401k-425k 10 13 2 0.2 4.6
426k-450k 2 16 3 1.3 0.8
451k-475k 8 8 1 0.2 6
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 11 36 6 0.5 1.8
651k-700k 11 33 3 0.5 2
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 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 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 18 14 2 0.1 7.7
126k-150k 24 17 0.1 8.5
151k-175k 12 12 1 0.2 6
176k-200k 21 23 5 0.2 5.5
201k-225k 36 25 3 0.1 8.6
226k-250k 23 38 5 0.3 3.6
251k-275k 15 25 3 0.3 3.6
276k-300k 24 31 2 0.2 4.6
301k-325k 13 24 2 0.3 3.3
326k-350k 19 22 0.2 5.2
351k-375k 3 14 1 0.8 1.3
376k-400k 4 7 1 0.3 3.4
401k-425k 2 10 1 0.8 1.2
426k-450k 10 10 1 0.2 6
451k-475k 6 9 1 0.3 4
476k-500k 6 6 1 0.2 6
501k-550k 6 12 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
901k-950k 1 1 0.2 0
1m-1.1m 1 1 0.2 0
1.7m-1.8m 1 0
1.9m-2m 2 0
2.5m-2.75m 1 0

Land 13% 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
1.6m-1.7m 1 0
1.8m-1.9m 2 0
1.9m-2m 1 1 0.2 6
3m-3.5m 1 0