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 1 6 2 1 1
126k-150k 7 20 5 0.5 2.1
151k-175k 14 69 17 0.8 1.2
176k-200k 53 109 22 0.3 2.9
201k-225k 76 129 24 0.3 3.5
226k-250k 131 176 32 0.2 4.5
251k-275k 116 180 27 0.3 3.9
276k-300k 153 186 19 0.2 4.9
301k-325k 114 160 17 0.2 4.3
326k-350k 89 156 15 0.3 3.4
351k-375k 69 131 13 0.3 3.2
376k-400k 99 144 18 0.2 4.1
401k-425k 58 95 17 0.3 3.7
426k-450k 53 92 9 0.3 3.5
451k-475k 31 50 2 0.3 3.7
476k-500k 31 86 9 0.5 2.2
501k-550k 50 130 16 0.4 2.3
551k-600k 47 106 8 0.4 2.7
601k-650k 39 106 13 0.5 2.2
651k-700k 30 103 14 0.6 1.7
701k-750k 29 64 4 0.4 2.7
751k-800k 19 74 6 0.6 1.5
801k-850k 23 48 1 0.3 2.9
851k-900k 21 62 7 0.5 2
901k-950k 12 29 0.4 2.5
951k-1m 15 36 4 0.4 2.5
1m-1.1m 10 37 3 0.6 1.6
1.1m-1.2m 20 31 4 0.3 3.9
1.2m-1.3m 13 22 1 0.3 3.5
1.3m-1.4m 10 16 2 0.3 3.8
1.4m-1.5m 7 10 2 0.2 4.2
1.5m-1.6m 10 10 1 0.2 6
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 7 7 1 0.2 6
151k-175k 6 9 1 0.3 4
176k-200k 31 22 2 0.1 8.5
201k-225k 30 30 1 0.2 6
226k-250k 37 33 4 0.1 6.7
251k-275k 35 27 2 0.1 7.8
276k-300k 31 49 5 0.3 3.8
301k-325k 17 35 2 0.3 2.9
326k-350k 13 9 2 0.1 8.7
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 9 15 3 0.3 3.6
501k-550k 19 33 0.3 3.5
551k-600k 11 28 4 0.4 2.4
601k-650k 11 35 6 0.5 1.9
651k-700k 12 33 2 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 10 2 0.3 3
101k-125k 19 14 2 0.1 8.1
126k-150k 24 17 1 0.1 8.5
151k-175k 13 12 0.2 6.5
176k-200k 21 23 4 0.2 5.5
201k-225k 37 25 3 0.1 8.9
226k-250k 24 37 4 0.3 3.9
251k-275k 17 25 3 0.2 4.1
276k-300k 25 32 3 0.2 4.7
301k-325k 12 24 1 0.3 3
326k-350k 21 22 0.2 5.7
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 9 10 1 0.2 5.4
451k-475k 6 9 1 0.3 4
476k-500k 6 6 1 0.2 6
501k-550k 5 13 0.4 2.3
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 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 20 9 4 0.1 13.3
26k-50k 24 24 2 0.2 6
51k-75k 22 9 0.1 14.7
76k-100k 23 4 1 0 34.5
101k-125k 3 2 0.1 9
126k-150k 5 2 1 0.1 15
151k-175k 2 1 0.1 12
176k-200k 7 0
201k-225k 2 1 1 0.1 12
226k-250k 4 1 0 24
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 1 0.1 12
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