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

Condos 11% 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 3 1 1 0.1 18
51k-75k 4 2 0.1 12
76k-100k 7 0
101k-125k 4 13 4 0.5 1.8
126k-150k 27 28 5 0.2 5.8
151k-175k 37 36 6 0.2 6.2
176k-200k 72 56 7 0.1 7.7
201k-225k 101 89 11 0.1 6.8
226k-250k 100 112 13 0.2 5.4
251k-275k 95 113 13 0.2 5
276k-300k 117 88 14 0.1 8
301k-325k 57 75 7 0.2 4.6
326k-350k 60 77 5 0.2 4.7
351k-375k 50 44 5 0.1 6.8
376k-400k 57 63 3 0.2 5.4
401k-425k 37 39 2 0.2 5.7
426k-450k 23 26 3 0.2 5.3
451k-475k 24 32 3 0.2 4.5
476k-500k 34 35 2 0.2 5.8
501k-550k 32 33 2 0.2 5.8
551k-600k 30 23 1 0.1 7.8
601k-650k 21 23 2 0.2 5.5
651k-700k 19 17 1 0.1 6.7
701k-750k 12 9 1 0.1 8
751k-800k 15 7 0.1 12.9
801k-850k 7 8 2 0.2 5.3
851k-900k 7 6 1 0.1 7
901k-950k 2 2 0.2 6
951k-1m 7 2 0 21
1m-1.1m 9 6 2 0.1 9
1.1m-1.2m 12 2 0 36
1.2m-1.3m 6 7 0.2 5.1
1.3m-1.4m 6 3 0.1 12
1.4m-1.5m 6 2 0.1 18
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 4 0
1.7m-1.8m 5 1 0 30
1.8m-1.9m 3 1 0.1 18
1.9m-2m 5 1 0 30
2m-2.25m 4 2 1 0.1 12
2.25m-2.5m 5 1 0 30
2.5m-2.75m 2 2 0.2 6
2.75m-3m 3 3 0.2 6
3m-3.5m 2 2 0.2 6
3.5m-4m 3 0
4m-4.5m 3 0
4.5m-5m 4 0
5.01m-6m 2 0
9.01m-10m 1 0