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 24% 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 0.8 0
176k-200k 3 6 1 0.3 3
201k-225k 1 8 1.3 0.8
226k-250k 5 19 3 0.6 1.6
251k-275k 7 26 0.6 1.6
276k-300k 17 33 1 0.3 3.1
301k-325k 22 54 4 0.4 2.4
326k-350k 26 53 6 0.3 2.9
351k-375k 34 68 5 0.3 3
376k-400k 38 104 14 0.5 2.2
401k-425k 26 71 8 0.5 2.2
426k-450k 30 60 3 0.3 3
451k-475k 34 40 7 0.2 5.1
476k-500k 30 43 4 0.2 4.2
501k-550k 39 74 12 0.3 3.2
551k-600k 43 55 3 0.2 4.7
601k-650k 41 49 9 0.2 5
651k-700k 30 47 3 0.3 3.8
701k-750k 26 22 2 0.1 7.1
751k-800k 11 22 2 0.3 3
801k-850k 15 8 1 0.1 11.3
851k-900k 9 13 2 0.2 4.2
901k-950k 9 5 0.1 10.8
951k-1m 8 10 0.2 4.8
1m-1.1m 9 9 0.2 6
1.1m-1.2m 17 11 1 0.1 9.3
1.2m-1.3m 16 4 1 0 24
1.3m-1.4m 6 5 1 0.1 7.2
1.4m-1.5m 4 8 0.3 3
1.5m-1.6m 2 4 0.3 3
1.6m-1.7m 7 1 0 42
1.7m-1.8m 5 4 1 0.1 7.5
1.8m-1.9m 1 2 1 0.3 3
1.9m-2m 2 1 0.1 12
2m-2.25m 2 1 1 0.1 12
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 5 1 0 30
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 2 0

Townhouses 21% 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 2 7 1 0.6 1.7
276k-300k 7 14 2 0.3 3
301k-325k 15 20 1 0.2 4.5
326k-350k 13 16 5 0.2 4.9
351k-375k 11 2 0 33
376k-400k 29 11 1 0.1 15.8
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 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 13% 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 4 8 2 0.3 3
51k-75k 5 12 0.4 2.5
76k-100k 26 5 2 0 31.2
101k-125k 15 7 1 0.1 12.9
126k-150k 16 8 1 0.1 12
151k-175k 8 6 0.1 8
176k-200k 8 5 1 0.1 9.6
201k-225k 10 0
226k-250k 3 2 1 0.1 9
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 2 0 21
401k-425k 1 0.2 0
426k-450k 1 0
451k-475k 1 1 0.2 6
476k-500k 4 1 0 24
501k-550k 4 0
551k-600k 3 2 0.1 9
601k-650k 2 0.3 0
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 2 2 0.2 6
951k-1m 2 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 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