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 23% 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 2 0
126k-150k 1 6 1 1 1
151k-175k 5 1 0.8 0
176k-200k 3 6 1 0.3 3
201k-225k 1 8 1.3 0.8
226k-250k 6 18 2 0.5 2
251k-275k 6 27 0.8 1.3
276k-300k 18 34 1 0.3 3.2
301k-325k 22 55 4 0.4 2.4
326k-350k 28 51 4 0.3 3.3
351k-375k 32 68 6 0.4 2.8
376k-400k 40 104 14 0.4 2.3
401k-425k 28 71 7 0.4 2.4
426k-450k 32 61 4 0.3 3.1
451k-475k 32 40 6 0.2 4.8
476k-500k 31 43 5 0.2 4.3
501k-550k 40 75 11 0.3 3.2
551k-600k 46 56 4 0.2 4.9
601k-650k 45 48 8 0.2 5.6
651k-700k 28 47 2 0.3 3.6
701k-750k 29 23 2 0.1 7.6
751k-800k 12 24 3 0.3 3
801k-850k 15 8 1 0.1 11.3
851k-900k 10 14 2 0.2 4.3
901k-950k 9 5 0.1 10.8
951k-1m 6 10 0.3 3.6
1m-1.1m 11 9 0.1 7.3
1.1m-1.2m 18 11 1 0.1 9.8
1.2m-1.3m 18 3 0 36
1.3m-1.4m 8 4 0.1 12
1.4m-1.5m 5 8 0.3 3.8
1.5m-1.6m 2 4 0.3 3
1.6m-1.7m 9 1 0 54
1.7m-1.8m 5 4 1 0.1 7.5
1.8m-1.9m 1 2 1 0.3 3
1.9m-2m 3 1 0.1 18
2m-2.25m 3 1 1 0.1 18
2.25m-2.5m 4 1 0 24
2.5m-2.75m 3 1 0.1 18
2.75m-3m 4 0
3m-3.5m 6 1 0 36
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 2 0

Townhouses 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
176k-200k 1 0.2 0
201k-225k 2 0.3 0
226k-250k 4 0.7 0
251k-275k 3 7 1 0.4 2.6
276k-300k 7 16 2 0.4 2.6
301k-325k 14 20 3 0.2 4.2
326k-350k 14 17 5 0.2 4.9
351k-375k 12 2 0 36
376k-400k 30 11 1 0.1 16.4
401k-425k 3 2 0.1 9
426k-450k 2 0
476k-500k 2 0
501k-550k 2 1 0.1 12
601k-650k 1 0

Condos 0% 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 5 1 0 30
276k-300k 1 3 0.5 2
301k-325k 1 0.2 0
326k-350k 1 0
351k-375k 2 0
376k-400k 1 0
801k-850k 1 0

Land 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 3 3 0.2 6
26k-50k 7 7 1 0.2 6
51k-75k 8 12 1 0.3 4
76k-100k 26 5 2 0 31.2
101k-125k 16 7 1 0.1 13.7
126k-150k 17 8 1 0.1 12.8
151k-175k 8 6 0.1 8
176k-200k 10 5 1 0.1 12
201k-225k 10 0
226k-250k 4 2 1 0.1 12
251k-275k 1 4 0.7 1.5
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 3 0.1 14
401k-425k 1 1 0.2 6
426k-450k 2 0
451k-475k 1 1 0.2 6
476k-500k 8 1 0 48
501k-550k 5 0
551k-600k 3 2 0.1 9
601k-650k 2 2 0.2 6
651k-700k 4 0
701k-750k 1 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 4 1 0 24
901k-950k 3 2 0.1 9
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0.2 0
1.3m-1.4m 3 0
1.4m-1.5m 5 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