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 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
1k-25k 2 0
51k-75k 1 0.2 0
76k-100k 3 0
126k-150k 1 7 2 1.2 0.9
151k-175k 4 0.7 0
176k-200k 3 6 0.3 3
201k-225k 1 8 1.3 0.8
226k-250k 4 20 3 0.8 1.2
251k-275k 7 27 2 0.6 1.6
276k-300k 19 33 2 0.3 3.5
301k-325k 24 55 4 0.4 2.6
326k-350k 20 53 8 0.4 2.3
351k-375k 34 71 8 0.3 2.9
376k-400k 39 98 8 0.4 2.4
401k-425k 24 69 8 0.5 2.1
426k-450k 29 59 6 0.3 2.9
451k-475k 34 42 8 0.2 4.9
476k-500k 28 46 4 0.3 3.7
501k-550k 42 71 9 0.3 3.5
551k-600k 42 56 6 0.2 4.5
601k-650k 43 47 8 0.2 5.5
651k-700k 31 46 2 0.2 4
701k-750k 27 22 2 0.1 7.4
751k-800k 13 22 3 0.3 3.5
801k-850k 12 9 1 0.1 8
851k-900k 11 13 1 0.2 5.1
901k-950k 7 4 0.1 10.5
951k-1m 10 10 0.2 6
1m-1.1m 10 9 0.2 6.7
1.1m-1.2m 19 12 1 0.1 9.5
1.2m-1.3m 14 5 2 0.1 16.8
1.3m-1.4m 6 5 1 0.1 7.2
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 0.2 6
1.8m-1.9m 1 2 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 4 0
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 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
151k-175k 1 0.2 0
201k-225k 2 0.3 0
226k-250k 4 0.7 0
251k-275k 2 7 0.6 1.7
276k-300k 8 11 2 0.2 4.4
301k-325k 13 23 1 0.3 3.4
326k-350k 15 14 3 0.2 6.4
351k-375k 13 1 0 78
376k-400k 31 11 1 0.1 16.9
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 10% 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 29 5 1 0 34.8
101k-125k 15 5 1 0.1 18
126k-150k 15 7 0.1 12.9
151k-175k 7 7 1 0.2 6
176k-200k 9 5 1 0.1 10.8
201k-225k 9 1 1 0 54
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