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 20% 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
51k-75k 1 0.2 0
76k-100k 3 0
126k-150k 1 6 1 1 1
151k-175k 4 0.7 0
176k-200k 3 6 1 0.3 3
201k-225k 1 8 1.3 0.8
226k-250k 4 20 3 0.8 1.2
251k-275k 8 28 1 0.6 1.7
276k-300k 19 32 1 0.3 3.6
301k-325k 20 54 3 0.5 2.2
326k-350k 25 51 6 0.3 2.9
351k-375k 33 71 7 0.4 2.8
376k-400k 38 99 8 0.4 2.3
401k-425k 24 68 7 0.5 2.1
426k-450k 29 61 6 0.4 2.9
451k-475k 37 40 6 0.2 5.6
476k-500k 30 44 3 0.2 4.1
501k-550k 40 72 9 0.3 3.3
551k-600k 47 54 3 0.2 5.2
601k-650k 43 49 8 0.2 5.3
651k-700k 32 45 1 0.2 4.3
701k-750k 27 23 2 0.1 7
751k-800k 11 22 3 0.3 3
801k-850k 15 8 0.1 11.3
851k-900k 10 13 1 0.2 4.6
901k-950k 8 5 0.1 9.6
951k-1m 9 10 0.2 5.4
1m-1.1m 10 9 0.2 6.7
1.1m-1.2m 19 11 1 0.1 10.4
1.2m-1.3m 15 5 2 0.1 18
1.3m-1.4m 7 4 0.1 10.5
1.4m-1.5m 3 9 1 0.5 2
1.5m-1.6m 3 4 0.2 4.5
1.6m-1.7m 6 1 0 36
1.7m-1.8m 5 5 1 0.2 6
1.8m-1.9m 1 2 1 0.3 3
1.9m-2m 2 1 0.1 12
2m-2.25m 3 0
2.25m-2.5m 5 1 0 30
2.5m-2.75m 3 1 0.1 18
2.75m-3m 3 1 1 0.1 18
3m-3.5m 5 1 0 30
3.5m-4m 1 0
4m-4.5m 2 0
4.5m-5m 1 0
5.01m-6m 2 0

Townhouses 19% 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
151k-175k 1 0.2 0
201k-225k 2 0.3 0
226k-250k 4 0.7 0
251k-275k 2 7 1 0.6 1.7
276k-300k 8 13 3 0.3 3.7
301k-325k 12 21 1 0.3 3.4
326k-350k 14 15 3 0.2 5.6
351k-375k 12 1 0 72
376k-400k 29 11 1 0.1 15.8
401k-425k 4 2 0.1 12
426k-450k 1 0
476k-500k 1 1 1 0.2 6
501k-550k 2 1 0.1 12
601k-650k 1 0

Condos 8% 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
176k-200k 2 0.3 0
201k-225k 3 1 0.1 18
226k-250k 4 2 1 0.1 12
276k-300k 3 0.5 0
301k-325k 1 0.2 0
326k-350k 1 0
351k-375k 2 0
376k-400k 1 0
801k-850k 1 0

Land 9% 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 3 3 0.2 6
26k-50k 5 9 2 0.3 3.3
51k-75k 5 11 0.4 2.7
76k-100k 27 5 1 0 32.4
101k-125k 15 5 1 0.1 18
126k-150k 15 7 1 0.1 12.9
151k-175k 7 7 1 0.2 6
176k-200k 8 5 1 0.1 9.6
201k-225k 10 0
226k-250k 4 1 0 24
251k-275k 1 3 0.5 2
276k-300k 3 2 0.1 9
301k-325k 1 0.2 0
326k-350k 3 0
351k-375k 3 1 0.1 18
376k-400k 7 2 0 21
401k-425k 1 0.2 0
426k-450k 1 0
451k-475k 1 1 0.2 6
476k-500k 5 1 0 30
501k-550k 3 1 0.1 18
551k-600k 3 2 0.1 9
601k-650k 1 2 0.3 3
651k-700k 4 0
701k-750k 1 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 4 0
901k-950k 2 2 0.2 6
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 3 0
1.4m-1.5m 4 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0