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 2 4 0.3 3
226k-250k 2 6 1 0.5 2
251k-275k 4 8 1 0.3 3
276k-300k 2 12 1 1 1
301k-325k 6 20 3 0.6 1.8
326k-350k 15 24 4 0.3 3.8
351k-375k 8 30 3 0.6 1.6
376k-400k 12 35 3 0.5 2.1
401k-425k 6 40 5 1.1 0.9
426k-450k 19 49 8 0.4 2.3
451k-475k 11 48 7 0.7 1.4
476k-500k 16 55 9 0.6 1.7
501k-550k 55 131 17 0.4 2.5
551k-600k 64 131 24 0.3 2.9
601k-650k 76 127 21 0.3 3.6
651k-700k 79 139 20 0.3 3.4
701k-750k 73 119 15 0.3 3.7
751k-800k 60 91 14 0.3 4
801k-850k 34 69 5 0.3 3
851k-900k 35 56 6 0.3 3.8
901k-950k 18 24 1 0.2 4.5
951k-1m 26 22 3 0.1 7.1
1m-1.1m 20 33 2 0.3 3.6
1.1m-1.2m 22 31 2 0.2 4.3
1.2m-1.3m 14 20 2 0.2 4.2
1.3m-1.4m 12 11 1 0.2 6.5
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 5 7 0.2 4.3
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 15 1 0.6 1.6
401k-425k 5 8 0.3 3.8
426k-450k 5 16 4 0.5 1.9
451k-475k 7 15 3 0.4 2.8
476k-500k 6 14 1 0.4 2.6
501k-550k 14 18 0.2 4.7
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 3 1 0.1 18
801k-850k 3 0.5 0
851k-900k 1 2 0.3 3

Condos 15% 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 1 1 0.2 6
326k-350k 1 2 0.3 3
376k-400k 2 4 0.3 3
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 8 0.1 6.8
551k-600k 8 9 2 0.2 5.3
601k-650k 3 4 1 0.2 4.5
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 2 3 0.3 4
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 2 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
3.5m-4m 1 0
4m-4.5m 1 0
6.01m-7m 1 0
7.01m-8m 1 0.2 0