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 4 0.5 2.1
151k-175k 13 69 17 0.9 1.1
176k-200k 55 109 22 0.3 3
201k-225k 77 130 25 0.3 3.6
226k-250k 128 174 31 0.2 4.4
251k-275k 118 180 25 0.3 3.9
276k-300k 151 185 19 0.2 4.9
301k-325k 113 160 16 0.2 4.2
326k-350k 90 156 14 0.3 3.5
351k-375k 69 130 11 0.3 3.2
376k-400k 99 144 18 0.2 4.1
401k-425k 59 95 15 0.3 3.7
426k-450k 54 91 9 0.3 3.6
451k-475k 31 50 2 0.3 3.7
476k-500k 31 86 8 0.5 2.2
501k-550k 49 130 13 0.4 2.3
551k-600k 47 105 7 0.4 2.7
601k-650k 40 106 12 0.4 2.3
651k-700k 30 103 12 0.6 1.7
701k-750k 29 63 4 0.4 2.8
751k-800k 19 74 4 0.6 1.5
801k-850k 23 48 0.3 2.9
851k-900k 21 60 5 0.5 2.1
901k-950k 12 29 0.4 2.5
951k-1m 15 36 4 0.4 2.5
1m-1.1m 10 37 2 0.6 1.6
1.1m-1.2m 19 32 4 0.3 3.6
1.2m-1.3m 14 22 1 0.3 3.8
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 5 4 0.1 7.5
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 8 7 1 0.1 6.9
151k-175k 5 9 0.3 3.3
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 37 26 2 0.1 8.5
276k-300k 30 47 5 0.3 3.8
301k-325k 17 34 2 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 9 15 3 0.3 3.6
501k-550k 20 33 0.3 3.6
551k-600k 11 28 4 0.4 2.4
601k-650k 11 35 6 0.5 1.9
651k-700k 12 33 1 0.5 2.2
701k-750k 2 15 1 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 16 1 0.1 9
151k-175k 13 11 0.1 7.1
176k-200k 21 23 3 0.2 5.5
201k-225k 36 26 4 0.1 8.3
226k-250k 25 37 4 0.2 4.1
251k-275k 17 25 3 0.2 4.1
276k-300k 25 32 2 0.2 4.7
301k-325k 13 24 1 0.3 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 12 0.4 2.5
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 3 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