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
26k-50k 1 0
51k-75k 2 3 1 0.3 4
76k-100k 1 1 0.2 6
101k-125k 1 2 0.3 3
126k-150k 2 3 1 0.3 4
151k-175k 2 3 2 0.3 4
176k-200k 13 16 1 0.2 4.9
201k-225k 11 25 2 0.4 2.6
226k-250k 30 49 6 0.3 3.7
251k-275k 33 62 4 0.3 3.2
276k-300k 43 82 16 0.3 3.1
301k-325k 46 68 10 0.2 4.1
326k-350k 61 80 15 0.2 4.6
351k-375k 47 57 7 0.2 4.9
376k-400k 60 65 10 0.2 5.5
401k-425k 52 50 7 0.2 6.2
426k-450k 47 39 4 0.1 7.2
451k-475k 33 27 2 0.1 7.3
476k-500k 43 26 4 0.1 9.9
501k-550k 59 37 4 0.1 9.6
551k-600k 40 28 4 0.1 8.6
601k-650k 22 14 3 0.1 9.4
651k-700k 10 7 0.1 8.6
701k-750k 8 8 1 0.2 6
751k-800k 4 1 0 24
801k-850k 2 2 0.2 6
851k-900k 2 1 1 0.1 12
901k-950k 1 0
951k-1m 4 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 0
1.7m-1.8m 2 0
3m-3.5m 1 0

Townhouses 22% 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
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 3 0.5 2
201k-225k 2 10 1 0.8 1.2
226k-250k 2 7 0.6 1.7
251k-275k 2 1 0.1 12
276k-300k 13 16 4 0.2 4.9
301k-325k 15 39 4 0.4 2.3
326k-350k 7 11 1 0.3 3.8
351k-375k 9 0
426k-450k 4 0
451k-475k 1 0

Condos 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
76k-100k 1 0.2 0
276k-300k 2 0.3 0
301k-325k 3 2 0.1 9
326k-350k 10 5 3 0.1 12
351k-375k 2 1 0.1 12

Land 12% 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
26k-50k 14 4 1 0 21
51k-75k 10 5 1 0.1 12
76k-100k 4 4 0.2 6
101k-125k 3 0
126k-150k 3 1 0.1 18
151k-175k 2 0
176k-200k 1 1 0.2 6
226k-250k 1 0
251k-275k 2 0
276k-300k 3 1 0.1 18
301k-325k 1 0
326k-350k 1 0
376k-400k 1 0.2 0
401k-425k 1 0.2 0
451k-475k 2 0
476k-500k 1 1 0.2 6
501k-550k 1 0
651k-700k 1 0
851k-900k 1 0
951k-1m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 1 0
2m-2.25m 1 0