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 26% 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
126k-150k 3 1 0.5 0
151k-175k 2 0.3 0
176k-200k 1 0.2 0
201k-225k 1 3 0.5 2
226k-250k 2 4 0.3 3
251k-275k 3 7 1 0.4 2.6
276k-300k 2 9 0.8 1.3
301k-325k 6 16 0.4 2.3
326k-350k 12 22 2 0.3 3.3
351k-375k 6 28 3 0.8 1.3
376k-400k 16 35 5 0.4 2.7
401k-425k 10 36 4 0.6 1.7
426k-450k 18 42 5 0.4 2.6
451k-475k 11 44 4 0.7 1.5
476k-500k 17 46 4 0.5 2.2
501k-550k 51 114 6 0.4 2.7
551k-600k 64 119 8 0.3 3.2
601k-650k 71 108 10 0.3 3.9
651k-700k 67 131 17 0.3 3.1
701k-750k 63 108 11 0.3 3.5
751k-800k 56 79 9 0.2 4.3
801k-850k 29 61 7 0.4 2.9
851k-900k 30 49 3 0.3 3.7
901k-950k 13 20 2 0.3 3.9
951k-1m 23 23 4 0.2 6
1m-1.1m 21 30 3 0.2 4.2
1.1m-1.2m 17 25 4 0.2 4.1
1.2m-1.3m 13 15 1 0.2 5.2
1.3m-1.4m 13 13 2 0.2 6
1.4m-1.5m 12 16 2 0.2 4.5
1.5m-1.6m 8 6 1 0.1 8
1.6m-1.7m 7 6 0.1 7
1.7m-1.8m 5 4 0.1 7.5
1.8m-1.9m 1 3 0.5 2
1.9m-2m 2 2 0.2 6
2m-2.25m 1 6 1 1
2.25m-2.5m 5 4 0.1 7.5
2.5m-2.75m 1 0.2 0
2.75m-3m 6 1 1 0 36
3m-3.5m 6 2 0.1 18
3.5m-4m 2 0.3 0
4m-4.5m 1 0
6.01m-7m 1 0
7.01m-8m 1 0

Townhouses 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
276k-300k 1 0.2 0
301k-325k 1 5 1 0.8 1.2
326k-350k 1 5 0.8 1.2
351k-375k 1 4 0.7 1.5
376k-400k 3 14 3 0.8 1.3
401k-425k 4 6 0.3 4
426k-450k 3 15 0.8 1.2
451k-475k 6 14 1 0.4 2.6
476k-500k 6 11 1 0.3 3.3
501k-550k 12 20 3 0.3 3.6
551k-600k 15 15 0.2 6
601k-650k 1 4 0.7 1.5
651k-700k 3 2 1 0.1 9
701k-750k 1 1 1 0.2 6
751k-800k 3 1 0.1 18
801k-850k 2 0.3 0
851k-900k 1 2 0.3 3
951k-1m 1 0

Condos 16% 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
301k-325k 2 1 0.1 12
326k-350k 1 2 0.3 3
376k-400k 1 3 1 0.5 2
401k-425k 2 0
426k-450k 2 2 1 0.2 6
451k-475k 8 6 0.1 8
476k-500k 8 1 0 48
501k-550k 9 7 1 0.1 7.7
551k-600k 9 11 2 0.2 4.9
601k-650k 2 2 0.2 6
701k-750k 1 0.2 0
751k-800k 2 1 0.1 12
801k-850k 1 0
851k-900k 1 0.2 0
901k-950k 1 1 0.2 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 1 3 0.5 2
26k-50k 3 1 0.1 18
51k-75k 8 1 0 48
76k-100k 4 0
101k-125k 1 2 0.3 3
126k-150k 9 2 0 27
151k-175k 5 3 1 0.1 10
176k-200k 8 0
201k-225k 3 1 0.1 18
226k-250k 2 2 0.2 6
251k-275k 2 1 0.1 12
276k-300k 6 2 0.1 18
301k-325k 2 1 0.1 12
326k-350k 2 2 1 0.2 6
351k-375k 2 1 1 0.1 12
376k-400k 5 2 0.1 15
401k-425k 2 1 0.1 12
451k-475k 1 0
476k-500k 1 1 0.2 6
501k-550k 4 1 1 0 24
551k-600k 2 0.3 0
601k-650k 1 1 0.2 6
651k-700k 3 2 0.1 9
701k-750k 4 1 1 0 24
751k-800k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 4 0
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 2 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.9m-2m 1 1 0.2 6
2m-2.25m 1 2 0.3 3
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 2 0
4m-4.5m 1 0
6.01m-7m 1 0
7.01m-8m 1 0.2 0