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 28% 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 2 0.3 0
201k-225k 1 4 0.7 1.5
226k-250k 2 6 1 0.5 2
251k-275k 4 7 1 0.3 3.4
276k-300k 2 12 1 1 1
301k-325k 6 20 3 0.6 1.8
326k-350k 15 23 4 0.3 3.9
351k-375k 9 29 3 0.5 1.9
376k-400k 11 36 4 0.5 1.8
401k-425k 6 39 5 1.1 0.9
426k-450k 18 49 7 0.5 2.2
451k-475k 11 46 7 0.7 1.4
476k-500k 15 55 9 0.6 1.6
501k-550k 54 129 17 0.4 2.5
551k-600k 63 129 21 0.3 2.9
601k-650k 71 126 20 0.3 3.4
651k-700k 81 139 20 0.3 3.5
701k-750k 69 116 15 0.3 3.6
751k-800k 59 90 14 0.3 3.9
801k-850k 32 67 5 0.3 2.9
851k-900k 34 54 6 0.3 3.8
901k-950k 19 24 1 0.2 4.8
951k-1m 24 22 4 0.2 6.5
1m-1.1m 19 33 2 0.3 3.5
1.1m-1.2m 21 30 2 0.2 4.2
1.2m-1.3m 13 20 2 0.3 3.9
1.3m-1.4m 13 11 1 0.1 7.1
1.4m-1.5m 11 15 2 0.2 4.4
1.5m-1.6m 7 10 1 0.2 4.2
1.6m-1.7m 6 10 1 0.3 3.6
1.7m-1.8m 4 7 0.3 3.4
1.8m-1.9m 1 2 0.3 3
1.9m-2m 3 4 0.2 4.5
2m-2.25m 1 6 1 1 1
2.25m-2.5m 6 4 0.1 9
2.5m-2.75m 1 3 0.5 2
2.75m-3m 5 2 0.1 15
3m-3.5m 5 1 0 30
3.5m-4m 1 2 0.3 3
4m-4.5m 1 0
6.01m-7m 1 0
7.01m-8m 1 0

Townhouses 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
276k-300k 2 0.3 0
301k-325k 4 0.7 0
326k-350k 5 2 0.8 0
351k-375k 5 0.8 0
376k-400k 4 14 1 0.6 1.7
401k-425k 5 8 0.3 3.8
426k-450k 5 16 4 0.5 1.9
451k-475k 7 14 2 0.3 3
476k-500k 6 14 0.4 2.6
501k-550k 13 17 0.2 4.6
551k-600k 14 16 5 0.2 5.3
601k-650k 1 6 1 1 1
651k-700k 3 2 0.1 9
701k-750k 3 0
751k-800k 2 1 0.1 12
801k-850k 3 0.5 0
851k-900k 1 2 0.3 3

Condos 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
301k-325k 2 1 0.1 12
326k-350k 1 2 0.3 3
376k-400k 2 3 0.3 4
401k-425k 3 1 0.1 18
426k-450k 3 1 0.1 18
451k-475k 7 8 1 0.2 5.3
476k-500k 6 1 0 36
501k-550k 9 7 0.1 7.7
551k-600k 7 10 3 0.2 4.2
601k-650k 1 3 1 0.5 2
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 0

Land 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 2 0.3 3
26k-50k 4 5 1 0.2 4.8
51k-75k 8 1 0 48
76k-100k 3 1 0.1 18
101k-125k 1 3 0.5 2
126k-150k 7 3 0.1 14
151k-175k 4 4 1 0.2 6
176k-200k 9 1 0 54
201k-225k 3 1 0.1 18
226k-250k 1 2 0.3 3
251k-275k 1 0
276k-300k 7 2 0 21
301k-325k 2 2 1 0.2 6
326k-350k 1 2 1 0.3 3
351k-375k 3 0
376k-400k 5 2 0.1 15
401k-425k 1 1 0.2 6
426k-450k 1 0
451k-475k 1 0
476k-500k 2 0
501k-550k 4 0
551k-600k 1 2 0.3 3
601k-650k 1 0
651k-700k 3 3 1 0.2 6
701k-750k 6 0
751k-800k 2 1 0.3 0
851k-900k 2 0
901k-950k 1 0
951k-1m 5 0
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 0
1.2m-1.3m 2 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.9m-2m 1 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