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 12 72 18 1 1
176k-200k 56 107 22 0.3 3.1
201k-225k 77 130 25 0.3 3.6
226k-250k 129 174 33 0.2 4.4
251k-275k 125 181 26 0.2 4.1
276k-300k 149 187 20 0.2 4.8
301k-325k 114 158 16 0.2 4.3
326k-350k 89 159 16 0.3 3.4
351k-375k 70 130 11 0.3 3.2
376k-400k 99 146 19 0.2 4.1
401k-425k 59 95 15 0.3 3.7
426k-450k 53 92 10 0.3 3.5
451k-475k 31 50 2 0.3 3.7
476k-500k 33 87 9 0.4 2.3
501k-550k 48 132 15 0.5 2.2
551k-600k 48 106 8 0.4 2.7
601k-650k 39 106 12 0.5 2.2
651k-700k 31 103 12 0.6 1.8
701k-750k 30 64 4 0.4 2.8
751k-800k 20 73 4 0.6 1.6
801k-850k 24 48 0.3 3
851k-900k 19 60 6 0.5 1.9
901k-950k 12 29 0.4 2.5
951k-1m 15 36 4 0.4 2.5
1m-1.1m 11 38 3 0.6 1.7
1.1m-1.2m 18 31 3 0.3 3.5
1.2m-1.3m 14 22 1 0.3 3.8
1.3m-1.4m 9 16 2 0.3 3.4
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 12 13 1 0.2 5.5
1.7m-1.8m 10 13 2 0.2 4.6
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 3 3 0.2 6
2.75m-3m 4 1 0 24
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 5 9 0.3 3.3
176k-200k 32 23 2 0.1 8.3
201k-225k 31 29 1 0.2 6.4
226k-250k 38 33 4 0.1 6.9
251k-275k 37 26 2 0.1 8.5
276k-300k 30 48 6 0.3 3.8
301k-325k 20 34 2 0.3 3.5
326k-350k 13 10 3 0.1 7.8
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 15 3 0.3 3.2
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 1 0.5 2.2
701k-750k 2 15 1 1.3 0.8
751k-800k 8 9 0.2 5.3
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 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 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 15 2 0.1 7.6
126k-150k 24 15 1 0.1 9.6
151k-175k 14 11 0.1 7.6
176k-200k 21 22 2 0.2 5.7
201k-225k 36 26 4 0.1 8.3
226k-250k 25 38 5 0.3 3.9
251k-275k 18 24 2 0.2 4.5
276k-300k 25 33 2 0.2 4.5
301k-325k 13 23 1 0.3 3.4
326k-350k 21 22 0.2 5.7
351k-375k 3 14 1 0.8 1.3
376k-400k 5 7 1 0.2 4.3
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 8 3 0.1 15
26k-50k 24 25 2 0.2 5.8
51k-75k 23 9 0.1 15.3
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
851k-900k 1 0
901k-950k 1 0
951k-1m 2 1 0.1 12
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