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 23% 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 5 0.5 2
151k-175k 15 66 14 0.7 1.4
176k-200k 54 110 25 0.3 2.9
201k-225k 76 129 23 0.3 3.5
226k-250k 136 172 30 0.2 4.7
251k-275k 116 178 25 0.3 3.9
276k-300k 155 187 20 0.2 5
301k-325k 115 158 15 0.2 4.4
326k-350k 91 154 15 0.3 3.5
351k-375k 73 129 11 0.3 3.4
376k-400k 99 143 16 0.2 4.2
401k-425k 58 95 16 0.3 3.7
426k-450k 54 90 10 0.3 3.6
451k-475k 30 52 2 0.3 3.5
476k-500k 34 85 8 0.4 2.4
501k-550k 49 131 16 0.4 2.2
551k-600k 49 107 9 0.4 2.7
601k-650k 38 106 14 0.5 2.2
651k-700k 33 104 13 0.5 1.9
701k-750k 29 62 4 0.4 2.8
751k-800k 20 75 6 0.6 1.6
801k-850k 23 48 1 0.3 2.9
851k-900k 21 61 6 0.5 2.1
901k-950k 12 29 0.4 2.5
951k-1m 15 36 4 0.4 2.5
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 16 2 0.3 3.8
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 11 13 1 0.2 5.1
1.7m-1.8m 11 13 2 0.2 5.1
1.8m-1.9m 4 3 1 0.1 8
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 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 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 31 22 2 0.1 8.5
201k-225k 31 29 0.2 6.4
226k-250k 37 33 5 0.1 6.7
251k-275k 36 27 3 0.1 8
276k-300k 31 49 5 0.3 3.8
301k-325k 18 35 2 0.3 3.1
326k-350k 12 9 3 0.1 8
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 8 16 3 0.3 3
501k-550k 20 33 0.3 3.6
551k-600k 11 27 3 0.4 2.4
601k-650k 12 35 6 0.5 2.1
651k-700k 12 33 3 0.5 2.2
701k-750k 2 15 2 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 1 0.2 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 5 9 1 0.3 3.3
101k-125k 19 14 2 0.1 8.1
126k-150k 24 18 1 0.1 8
151k-175k 13 12 1 0.2 6.5
176k-200k 21 23 4 0.2 5.5
201k-225k 36 25 3 0.1 8.6
226k-250k 24 38 5 0.3 3.8
251k-275k 17 25 3 0.2 4.1
276k-300k 25 32 3 0.2 4.7
301k-325k 11 24 1 0.4 2.8
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 9 1 0.8 1.3
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 1 1 1 0.2 6

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 9 4 0.1 11.3
26k-50k 23 24 2 0.2 5.8
51k-75k 22 10 0.1 13.2
76k-100k 22 4 1 0 33
101k-125k 3 2 0.1 9
126k-150k 6 2 0.1 18
151k-175k 3 1 0.1 18
176k-200k 7 0
201k-225k 2 1 1 0.1 12
226k-250k 3 1 0.1 18
251k-275k 3 1 0.1 18
276k-300k 5 1 1 0 30
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 3 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